698-700 Dr Martin Luther Kng Boulevard Newark, NJ $ 750,000
698-700 Dr Martin Luther Kng Boulevard
$ 750,000
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698-700 Dr Martin Luther Kng Boulevard

Newark, NJ, 07102
$ 750,000
Baths0.0

Monthly Estimate*

$ 5,239

698-700 Dr Martin Luther Kng Boulevard, Newark, NJ 07102 - Image 1
698-700 Dr Martin Luther Kng Boulevard, Newark, NJ 07102 - Image 2
698-700 Dr Martin Luther Kng Boulevard, Newark, NJ 07102 - Image 3
698-700 Dr Martin Luther Kng Boulevard, Newark, NJ 07102 - Image 4
698-700 Dr Martin Luther Kng Boulevard, Newark, NJ 07102 - Image 5
698-700 Dr Martin Luther Kng Boulevard, Newark, NJ 07102 - Image 6
Studio

Commercial Property for sale in Newark, NJ

for $750,000. This building was built in 1900.

Discover the potential of this historic mansion located in the heart of Newark. Situated amidst a vibrant neighborhood undergoing significant redevelopment, this property is surrounded by other revitalization projects reshaping the area. Formerly approved for 15 residential units in 2019, this property offers a unique opportunity for redevelopment. Sold as is, with the buyer responsible for resolution renewal, this expansive estate presents endless possibilities. Notably, previous approvals did not include parking provisions. Ideal for investors seeking to capitalize on the evolving landscape, this property is strategically positioned near public transportation, Newark University, and downtown Newark. Embrace the chance to reimagine and revitalize this iconic landmark in a burgeoning urban environment.

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Commercial Active

Price

$ 750,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 9,463

Style

Res/Com Mixed

Year Built

1900

Town/City

Newark

County/Region

Essex

MLS | Web ID

24005333

Features
General
Area 0714
Style Res/Com Mixed
Roof O/See Rmrks
Status ACTIVE
Year Built 1900-1939
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Exterior
Substyle Rtl/Apt
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* Excluded Features

Affordability Calculator

$6,028
Per Month
87%
13%
0%
Monthly Principal & Interest
$5,239
Monthly Property Taxes
$789
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!
Nearby
843640 Elementary School
843641 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
2/22/2024$750,000 Listed Price

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698-700 Dr Martin Luther Kng Boulevard, Newark, NJ, 07102 is a Commercial Property for sale at $750,000. 698-700 Dr Martin Luther Kng Boulevard is a studio with 0.0 baths and was built in 1900. The property's zip code is 07102 which is in Newark, NJ