170-172 Spring St - Office/Residential FOR SALE


Newton, NJ 07860
$735,000 USD
201-674-5216
170-172 Spring St, Newton, NJ for Sale
$735,000 USD
Office/Residential - FOR SALE
1/64
null | Request Cap Rate

170-172 Spring St
Newton, NJ 07860


HIGHLIGHTS

  • Mixed Use Opportunity
  • Located in the heart of Newton's Business District.
  • Public Parking available.

OVERVIEW

Rare mixed-use investment opportunity in the heart of Newton's thriving business district. This fully upgraded 6,300+ sq ft building offers a clear path to value with commercial use on the first floor and residential conversion potential on the second and third floors. With over $1M in capital improvements completed, the heavy lifting is done allowing investors, developers, or owner users to focus on repositioning and income potential. The third floor already includes a full kitchen, full bath, and large flex space, ideal for a one-bedroom unit or owner's suite. The second floor features an open layout, two bathrooms, utility/storage areas, and a separate rear entrance, supporting potential for multiple residential units. The first floor remains commercial and includes a reception area, secure vestibule with two-door man trap, half bath, and side loading access, well suited for medical, professional office, retail, or restaurant use. Currently outfitted as a secure data center with cooling, fiber/data infrastructure, fire suppression, and advanced security. The basement provides additional storage and utility space. Walkable downtown location with direct access to municipal parking plus shops and restaurants. Close proximity to Starbucks, Chipotle, Five Guys, grocery, and major retailers including Walmart.

FOR SALE DETAILS

PRICE

$735,000 USD

PRICE/SF

$117 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Office/Residential

ADD'L SUBTYPES

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

B

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

T-6

APN/PARCEL ID

15-00008-08-00028

ASK ABOUT THIS PROPERTY

Rachel BuccieXp RealtyMore Info
201-674-5216

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

Rachel BuccieXp RealtyMore Info
201-674-5216

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