For Sale
$900,000

391 Hawthorne AveNewark, NJ 07112

High-yield Newark investment property.

Overview

Added:
Feb 3
Days on market:
62
This exceptional commercial property at 391 Hawthorne Ave, Unit 393, Newark, NJ, presents a lucrative investment opportunity. The 6,350 square foot building sits on a 0.12-acre lot and is currently priced at $900,000. The property comprises three units, each approximately 1,500 square feet, with an additional 1,000 square feet of basement storage space per unit. Two of the three units are currently leased under a NNN (Net, Net, Net) lease agreement with a five-year term and a right of renewal. Each unit has separate utility meters, with water costs divided equally among the three tenants. The building boasts a recently updated roof (2021) and newer hot water heaters. Unit 1 houses a community grocery store, while Unit 2, formerly Bragman's Deli, features a walk-in cooler and stove (equipment may be available). Unit 2 is also currently available for lease (MLS: 3942661). Unit 3 is currently occupied. With all three units rented, the property generates a potential monthly income of $7,000. Importantly, the business operations are not included in the sale

Property Details for 391 Hawthorne Ave

Property type
Square Feet
6,350 SF
Lot Size (sq. ft)
5,227 SF

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.71837
Longitude
-74.20982
391 Hawthorne Ave, Newark, New Jersey

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
391 Hawthorne Ave
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message