347 Sanford Ave - Convenience Store FOR SALE


Newark, NJ 07106- Upper Vailsburg
$599,999 USD
201-917-5884
347 Sanford Ave, Newark, NJ for Sale
$599,999 USD
Convenience Store - FOR SALE
1/16
null | 6.69% Cap Rate

347 Sanford Ave
Newark, NJ 07106
Upper Vailsburg


HIGHLIGHTS

  • Renovated in 2021 with Stable In-Place Income
  • 100% Occupied | 3 Tenants
  • Value-Add Retail Asset in Newark Growth Corridor
  • High-Yield Retail Investment
  • Immediate Cash Flow from Day One

OVERVIEW

347 Sanford Avenue is a fully occupied, income-producing retail property in Newark, NJ, offering an attractive opportunity for investors. The single-story, multi-tenant building spans 2,495 square feet and houses three units: two retail storefronts and one restaurant, all occupied by great, reliable tenants. Originally built in 1917 and renovated approximately five years ago, the property combines classic character with modern updates.

FOR SALE DETAILS

PRICE

$599,999 USD

PRICE/SF

$240 USD /SF

CAP RATE

6.69%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Rare: Fully Occupied 3-Tenant Retail

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1917

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,788 SF

ZONING

B-1

APN/PARCEL ID

14-04191-0000-00008

ASK ABOUT THIS PROPERTY

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201-917-5884

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