For Sale
$1,250,000

140 South St Newark, NJ 07114

Prime location, high NOI, strong rental income.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional mixed-use property in Newark, NJ, presents a compelling investment opportunity. Located at 140 South Street, this three-story, 3,300 square foot building boasts a prime location in the Ironbound section, just a block from Route 21 and a short drive to Newark Airport and Newark Penn Station. Built in 1897, the property sits on a 0.08-acre lot and is zoned for commercial use. The building comprises three units: a restaurant/bakery currently in operation, and two residential units. One residential unit features two large updated bedrooms and two bathrooms, while the other offers three bedrooms and one bathroom. Both residential units boast hardwood floors, updated kitchens, central air conditioning, in-unit laundry, and basement access. All units are currently leased, generating a strong net operating income (NOI) of $56,238. The asking price is $1,250,000, representing a price per square foot of $378.79. Detailed income and expense statements are available upon request. This property is ideal for investors seeking a blend of commercial and residential income streams in a vibrant, high-demand location. Please respect tenant privacy and do not disturb.

Highlights

  • Financial details available upon request.
  • Showings by appointment only with Sandra Oliveira at 908-425-1875.

Property Details for 140 South St

Property type
Retail properties, Restaurants
Square Feet
3,300 SF
Year Built
1897
Stories
3
Lot Size (sq. ft)
3,485 SF
Units
3

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.722460346628
Longitude
-74.172706318623

FAQs

What type of property is this?
Retail property - Prime location, high NOI, strong rental income.
Where is the retail property located?
The property is located at 140 South St Newark, NJ.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Financial details available upon request.; Showings by appointment only with Sandra Oliveira at 908-425-1875.;
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.
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140 South St
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