566 Hawthorne Ave,Newark City, NJ 07112
Newark City, NJ 07112
Description
Excellent Mixed-Use Commercial and Residential Investment Opportunity!This impressive 5000-square-foot property features a fully equipped retail business, three renovated apartments, and an income-producing parking lot.The first floor includes a renovated one-bedroom apartment with a living room, dining room, kitchen, and full bathroom. It also features an approximately 2,880-square-foot grocery/retail space, currently operating as "Stack N Smack. The commercial space includes new shelving, exterior signage, a three-door refrigerator, custom counter, deli sandwich station, refrigerated prep tables, Toast POS self-ordering kiosk, security cameras, ADT security system, and LED smoke-shop displays. The second floor offers two renovated apartments. Each unit features two bedrooms, a living room, dining room, kitchen, and full bathroom. The side parking lot generates approximately $2,000 per month from truck parking. A unique opportunity for investors seeking multiple income streams from commercial, residential, parking, and development components.
Details
| MLS # | 4053066 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 9999 |
| Days On Site | 23 |
| Listing Provided By | RE/MAX PROFESSIONALS I | CARMEN JIMENEZ |
Features
| Garage | 110 |
|---|---|
| Basement | Y |
| Story(s) | 3 |
| Units | 4 |
| Zoning | COM |
Taxes
| Property | 5910 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07112 |
| Area | Essex |
| Listing VS Median (in 07112) | |
Price: $1,100,000 low | high Med: $2,650 On site: 23 low | high Med: 9.5 | |
Market Activity 07112
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07112 |
| Area | Essex |
| Listing VS Median (in 07112) | |
Price: $1,100,000 low | high Med: $2,650 On site: 23 low | high Med: 9.5 | |
