228 Belleville AveBelleville, NJ 07109

Property Details for 228 Belleville Ave

Year built

1952

Construction

FRAME

Lot size

0.18 AC

Property size (Sq ft)

1,073 SF

Property type

Commercial real estate

APN

01 05903-0000-00041

APU

105903000000041

Description

This exceptional investment opportunity in Belleville, NJ, presents a unique blend of income-generating properties situated on a prime 8,000 square foot lot at a high-traffic corner. The offering includes a substantial free-standing commercial building totaling 4,728 square feet. This building features ground floor retail or business space, ample storage on the upper level, and a separate basement accessible from the exterior. Adding to the investment potential are two additional free-standing residential buildings. One is a two-story single-family home, while the other is a three-story, three-family home, each equipped with a full basement. A key advantage is the completely separate utility services for each building, simplifying management and maximizing efficiency. The property's location near local parks further enhances its appeal. This assemblage presents a compelling opportunity for a developer or investor seeking a diversified portfolio with multiple income streams in a highly desirable location. The property's size and configuration offer significant potential for future development or expansion, making it an ideal acquisition for long-term growth and profitability. The current configuration provides immediate cash flow, while the location and size offer significant upside potential.

• Alternative Use

  Use

  Valuation

  Residential

  $203,054

  Hospitality

  $185,996

  Educational

  $154,746

  Medical

  $160,068

  Retail

  $240,717

Location Insight

City

Belleville

County

Essex

State

New Jersey

Latitude

40.7877

Longitude

-74.159

CBSA code

35620

CBSA name

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

Property Tax & Assessments

FAQs

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