391-393 Hawthorne Ave - Supermarket FOR SALE


Newark, NJ 07112- Upper Clinton Hill
$900,000 USD
862-703-9791
391-393 Hawthorne Ave, Newark, NJ for Sale
$900,000 USD
Supermarket - FOR SALE
1/13
null | Request Cap Rate

391-393 Hawthorne Ave
Newark, NJ 07112
Upper Clinton Hill


HIGHLIGHTS

  • 2% Commission to Buyer's Agent

OVERVIEW

STATS AS FOLLOWS: - Two of three units are rented out for the next five years on a NNN w/right of renewal after five years - Each unit pays their own utilities and meters are seperated. Water is divided by the three units - Roof done in 2021 - Newer hot water heaters - Each unit (1,500sqft) has its own basement for an additional 1,000sqft storage space - Unit 1: is occupied by a community grocery store - Unit 2: originally occupied Bragman's Deli (has a walk in cooler, stove, and other equipment may be available) - Unit 3: occupied - Owner of building has an option to expand w/first right of refusal on buildings next to Units 1 & 3 pay $2000 & $2500 plus utilities, taxes, and water. Unit #2 IS AVAILABLE FOR LEASE. $3,000/MONTH NNN LEASE. MINIMUM THREE YEARS. SELLER FINANCING & LEASE W/OPTION TO BUY MAY BE AVAILABLE, COME W/YOUR BEST OFFER

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$173 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,491 SF

ZONING

commercial

APN/PARCEL ID

14-03037-0000-00019,14-03037-0000-00020,14-03037-0000-00021,14-03037-0000-00023

ASK ABOUT THIS PROPERTY

Carolina CampbellReal BrokerMore Info
862-703-9791

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Carolina CampbellReal BrokerMore Info
862-703-9791

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