140 South StNewark, NJ 07114

Property Details for 140 South St

Year built

1897

Lot size

0.08 AC

Property size (Sq ft)

3,300 SF

Property type

Mixed-use properties

Property subtype

Other retail properties

Description

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.

Location Insight

City

Newark

County

Essex

State

New Jersey

Latitude

40.7225

Longitude

-74.1727

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].