219 Spring StNewton, NJ 07860

Property Details for 219 Spring St

Year built

1900

Construction

TYPE NOT SPECIFIED

Lot size

0.09 AC

Property size (Sq ft)

4,444 SF

Zone code

T-6

Property type

Other commercial real estate

APN

15 00008- 05-00012

APU

15000080500012

Description

This bank-owned foreclosure presents a unique redevelopment opportunity in the heart of downtown Newton, New Jersey. The 4,444 square foot mixed-use storefront property, located at 219 Spring Street (zip code 07860), is situated on a 0.09-acre lot and boasts a desirable T-6 Comm zoning designation. Built in 1900, the three-story building is currently vacant and offers high ceilings and an open floor plan, ideal for customization. The storefront features three levels, including a walk-out basement, providing ample space for various uses. The building's exterior and interior are in good condition, making it "move-in ready." The property's central location offers excellent visibility and accessibility, making it perfect for a variety of businesses. With its multiple possibilities and prime downtown location, this fee simple ownership presents a compelling investment at an asking price of $375,000 ($84.38 per square foot). The property includes three lavatories and on-site parking. This is a rare chance to capitalize on the revitalization efforts underway in downtown Newton.

• Alternative Use

  Use

  Valuation

  Residential

  $1,263,608

  Hospitality

  $1,157,458

  Educational

  $962,992

  Medical

  $996,110

  Retail

  $1,497,987

Location Insight

City

Newton

County

Sussex

State

New Jersey

Latitude

41.0566

Longitude

-74.75

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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