391 Hawthorne Ave Newark, NJ 07112

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