146 Sherman Ave - Storefront Retail/Residential FOR SALE


Newark, NJ 07114- South Broad Street
$750,000 USD
908-220-7865
146 Sherman Ave, Newark, NJ for Sale
$750,000 USD
Storefront Retail/Residential - FOR SALE
1/27
null | Request Cap Rate

146 Sherman Ave
Newark, NJ 07114
South Broad Street


HIGHLIGHTS

  • Total of 4 units: 3 residential apartments + 1 ground-floor commercial / retail, Property includes detached garages with 3 garage space
  • Low Taxes!!! Tenants are on month-to-month leases, giving flexibility to owner or investor
  • Just 10 minutes from Newark Penn Station, making it extremely commuter-friendly
  • Zoning: R-3 (mixed-use / multi-residential)

OVERVIEW

Experience the perfect balance of space and value-add potential with this four-unit property featuring a retail space and three spacious residential apartments. The first-floor apartment has been updated. With low taxes, minimal operating expenses, and a strong NOI, this is an excellent turnkey investment or live-work opportunity. The three-car garage offers additional rental income for boosted cash flow. Ideally located near Newark Penn Station, bus lines, local shops, and major highways, this mixed- used property combines accessibility and long-term value. Don’t miss this rare opportunity to own a mixed-use property in one of Newark’s most convenient neighborhoods!

FOR SALE DETAILS

PRICE

$750,000 USD

PRICE/SF

$192 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

CROSS STREETS

Sherman Ave

LAND ACRES

0.06 AC

LAND SF

2,634 SF

ZONING

-

APN/PARCEL ID

14-02791-0000-00025

ASK ABOUT THIS PROPERTY

Grisela FloresFlorostone RealtyMore Info
908-220-7865

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Grisela FloresFlorostone RealtyMore Info
908-220-7865

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.