$599,900
Newark, NJ 07112
MLS# 22319710
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Property Description
Outstanding investment opportunity in the heart of Newark, NJ. This multi-functional 2,381 square-foot property, located at 282 Chancellor Ave, is for sale and it's an asset you don't want to miss. Featuring a unique blend of two commercial units and one residential rental unit, this property is ideal for both seasoned investors and new entrants looking to make a mark in the commercial real estate market. The commercial spaces are versatile, catering to an array of business needs - from retail outlets to professional offices or service businesses. In addition, the property includes residential rental unit, with potential to split into 2 units. Perfect for attracting long-term tenants or offering a unique live-work arrangement.
Details
Maps
Contract Info
Status: Active
List Date: 2023-07-19
Property Sub-Type: Mixed Use
Sale: Yes
Lease: No
List Price: $599,900
Current Price: $599,900
Location
House Number: 282
Street Name: Chancellor
Street Suffix: Avenue
County: Essex
Municipality: Newark (NEW)
Postal City: Newark
State: NJ
Zip Code: 07112
Area/Section: Newark
Complex/Subdivision: None
Directions: Chancelor Rd
General Property Info
# Levels: 2
Available SqFt: 2381
Garage: No
Acreage: 0.09
Lot Dimensions: 37.9 x 106.1
Tax and Legal
Asmnt - Total: 164500
Taxes: 6146
Tax Year: 2022
Property Features
Use: Apartments; Church; Ice Cream Shop; Pizza; Retail
Heating: Natural Gas
Water Heater: Natural Gas
Water: Public Water
Sewer: Public Sewer
Gas: On Site
Electric: Other - See Remarks
Parking: On Street
Assessment Status: Assessed
Listing Office: C21/ Action Plus Realty
Listing Agent: Danielle Arena
Last Updated: July - 27 - 2023
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
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