For Sale
$849,000

468 18Th Ave Newark, NJ 07103

Prime Newark location, high-traffic area, multiple income streams.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional commercial property at 468 18th Avenue, Newark, NJ 07103, presents a lucrative investment opportunity. The 0.085-acre lot features a one-story building currently housing a thriving fried chicken restaurant and three additional fully occupied units on month-to-month leases, generating immediate rental income. The restaurant operates under a negotiable term lease. The second floor offers expansive, open space ideal for a variety of uses, including a training center, school, insurance office, or similar commercial enterprise. The property benefits from its strategic location near major highways, shopping centers, stadiums, and universities, ensuring excellent accessibility and high visibility. All major transportation options, including buses, shuttles, and trains, are readily available. The property is fully commercially zoned and can be delivered immediately. Showings are available Monday through Sunday, from 8:00 AM to 10:00 PM. Asking price is $849,000. This is a rare chance to acquire a multi-faceted commercial property in a high-demand Newark location with significant potential for growth and return on investment.

Highlights

  • Exceptional investment opportunity: 0.085-acre lot with a thriving fried chicken restaurant and three additional fully occupied units generating immediate income.
  • One-story building plus expansive second-floor space ideal for various commercial uses.
  • Strategic Newark location near major highways, shopping, stadiums, and universities, offering high visibility and accessibility.
  • Fully commercially zoned, immediate delivery available, showings by appointment.
  • Asking price: $849,000.

Property Details for 468 18Th Ave

Property type
Retail properties, Land
Stories
1

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.731829
Longitude
-74.2035159

FAQs

What type of property is this?
Retail property - Prime Newark location, high-traffic area, multiple income streams.
Where is the retail property located?
The property is located at 468 18Th Ave Newark, NJ.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Exceptional investment opportunity: 0.085-acre lot with a thriving fried chicken restaurant and three additional fully occupied units generating immediate income.; One-story building plus expansive second-floor space ideal for various commercial uses.; Strategic Newark location near major highways, shopping, stadiums, and universities, offering high visibility and accessibility.
How can I contact the broker?
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468 18Th Ave
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