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140 South St Newark, NJ $ 1,250,000
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$ 1,250,000 Get more info
140 South St
$ 1,250,000
Back to search
Share Save

140 South St

Newark, NJ, 07114
$ 1,250,000
Baths0.1 Sq 3,300

Monthly Estimate*

$ 8,732

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Studio

Commercial Property for sale in Newark, NJ

for $1,250,000 with 1 half bath. This 3,300 square foot building was built on a lot size of 0.08.

This mixed-use property in the IRONBOUND section of Newark presents a FANTASTIC OPPORTUNITY for those looking to start their own business or invest in a rental property. It consists of two separate residential houses and one commercial unit currently operating as a restaurant and bakery. One of the houses consists of 2 large updated bedrooms and 2 bathrooms, while the other has 3 bedrooms and 1 bathroom. Both houses feature beautiful hardwood floors throughout, updated kitchens, central AC, in-unit laundry, parking, and a basement. The property is fully leased with great tenants. It is located in a mixed district business and residential area, just one block away from Route 21 and a 5-10 minute drive to Newark airport. Additionally, it is within walking distance of Newark Penn Station, making it a must-see property. PLEASE DO NOT DISTURB THE TENANTS.

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Commercial Active

Price

$ 1,250,000

Bedrooms

Studio

Half Bath

1

Property Type

Commercial

Taxes

$ 20,562

Style

Store With Apartment

Lot Size

0.08

Town/City

Newark

County/Region

Essex

MLS | Web ID

3867418
Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 3 Units Forced Hot Air Multi-Zone
Cooling Central Air
Utilities All Underground
Possession at closing
Roof Asphalt Shingle
Zoning Mixed-Use
Garage Spaces 3
Year Built 0
Township Newark City
Property Type Mixed Use Restaurant Store With Apartment Store With Apartment
Tax Year 2022
Percent Ownership Fee Simple
Location Business District Residential Area
Gross Income 87000
County Essex
Net Operating Income 56238
Operating Expense 30762
Subdivision Name IRONBOUND
Status Active
Directions GPS
Total Units 3
Street Name South St
Tax Annual Amount 20562
Drive 2 Car Width Driveway-Exclusive
Leasable Area 1450
Days on Market 227
Standard Status Active
Tax Assessed Value 550400
Town # 1614
Tax Lot 48
Cap Rate 7.00
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Interior
Basement Finished French Drain Full Walkout
Flooring Laminate Wood
Fuel Type Gas-Natural
Total Stories 3
Half Baths 1
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Exterior
Water Source Public Water
Total Parking 3
Exterior Description Brick/Block Vinyl Siding
Building Area Total 3300
Lot Dimensions 32.3X108
Lot Size Acres 0.08
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* Excluded Features
List By
SANDRA OLIVEIRA

Listing Agent

Keller Williams Park Views

Broker

Affordability Calculator

$10,445
Per Month
84%
16%
0%
Monthly Principal & Interest
$8,732
Monthly Property Taxes
$1,714
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
9/30/2023$1,250,000 Listed Price

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140 South St, Newark, NJ, 07114 is a Commercial Property for sale at $1,250,000 with 3,300 sqft and a lot size of 0.08. 140 South St is a studio with 0.1 baths. The property's zip code is 07114 which is in Newark, NJ

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