For Sale
$749,000

18Th AveNewark, NJ 07103

High-traffic location, 3-unit income property

Overview

Added:
Feb 3
Days on market:
62
This exceptional commercial property, situated on 0.08 acres at 18th Avenue in Newark, NJ, presents a lucrative investment opportunity. Priced at $749,000, the building boasts three units currently generating monthly rental income under month-to-month leases. One unit is occupied by a thriving restaurant operating under a negotiable lease agreement. The remaining two units offer significant flexibility. The expansive second floor space is ideally suited for a variety of uses, including a training center, school, insurance office, or other commercial enterprise. The building's prime location offers unparalleled access to major highways, shopping centers, stadiums, and universities, ensuring high visibility and convenient access for both tenants and customers. The property benefits from excellent public transportation options, including buses, shuttles, and trains, further enhancing its appeal. The property is fully commercially zoned and available for immediate occupancy. Showings are available seven days a week, from 8:00 AM to 10:00 PM. This is a rare chance to acquire a well-located, income-producing commercial building with substantial upside potential in a thriving New Jersey market.

Property Details for 18Th Ave

Property type
Lot Size (sq. ft)
3,485 SF

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.74783
Longitude
-74.20502
18Th Ave, Newark, New Jersey

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18Th Ave
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