230 Jefferson StNewark, NJ 07105

Property Details for 230 Jefferson St

Construction

FRAME

Lot size

0.05 AC

Property type

Other commercial real estate

APN

14 00958-0000-00003

APU

1400958000000003

Description

This fee-simple mixed-use building at 230 Jefferson St, Newark, NJ 07105, offers a compelling distressed sale opportunity. The 2,700 square foot property, renovated in 1979, is zoned for commercial use and boasts three units, providing flexibility for multi-tenant occupancy or owner-user scenarios. Located in the desirable South Ironbound area, this building benefits from high visibility and accessibility, making it ideal for a variety of businesses. The asking price is $550,000, translating to $203.70 per square foot. Please note that showings are delayed without a prior Letter of Intent and the existing tenancy is not cooperative. Security measures, including guard dogs, are in place on the property. This prime retail/free-standing building presents a significant investment opportunity in a dynamic market. The property is situated in Essex County, New Jersey, with a zip code of 07105. The building's location provides excellent access to major transportation routes and amenities. This is a unique chance to acquire a well-located commercial property at a below-market price. Serious inquiries only.

• Alternative Use

  Use

  Valuation

  Residential

  $436,953

  Hospitality

  $400,247

  Educational

  $333,001

  Medical

  $344,453

  Retail

  $518,001

Location Insight

City

Newark

County

Essex

State

New Jersey

Latitude

40.7247

Longitude

-74.1643

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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