48 Elm RdNewark, NJ 07105
- Other commercial real estate
- 2,800 SF
Property Details for 48 Elm Rd
- Year built
- 1956
- Construction
- CONCRETE BLOCKS
- Lot size
- 0.07 AC
- Property size (Sq ft)
- 2,800 SF
- Property type
- Other commercial real estate
- APN
- 14 00995-0000-00029
- APU
- 1400995000000029
Description
This exceptional 6,448 sq ft property at 48 Elm Rd, Newark, NJ 07105, sits on a 0.073-acre lot and presents a unique investment opportunity. Currently configured as a single-story commercial building with a basement, it boasts city-approved plans for conversion into a modern three-unit residential building. These plans include a three-car garage, elevator, and rooftop garden lounge accommodating up to 20 people, offering stunning downtown Newark views. Each unit will feature high-end finishes such as hardwood floors, central AC, energy-efficient lighting, and brand-new appliances, including in-unit laundry. The property's location in Newark's desirable Ironbound section, minutes from Newark Penn Station and with easy access to NYC, ensures strong rental demand. The approved plans offer flexibility
Location Insight
- City
- Newark
- County
- Essex
- State
- New Jersey
- Latitude
- 40.7221
- Longitude
- -74.1566
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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