972 18th Ave - Storefront FOR SALE


Newark, NJ 07106- Lower Vailsburg
$550,000 USD
301-332-2775
972 18th Ave, Newark, NJ for Sale
$550,000 USD
Storefront - FOR SALE
1/13
null | 11.53% Cap Rate

972 18th Ave
Newark, NJ 07106
Lower Vailsburg


HIGHLIGHTS

  • Recently Obtained NFA.

OVERVIEW

Fully leased 4 unit commercial property. Recently obtained NFA for removed oil tank. Wonderful cash-flower. Separate electric, gas and even water meters. Well-maintained building. Income and expense figures are accurate. Seller looking for a quick closing and ideally cash offers. Seller is open to owner financing (seller financing) for a qualified purchaser. Jamaican Restaurant: lease through 12/31/2029 $1,260 Salon: lease through 3/31/2028 $1,700 Corner Restaurant: lease through 9/30/2029 $2,100 Church: MTM $2,000

FOR SALE DETAILS

PRICE

$550,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

11.53%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

Commercial

APN/PARCEL ID

14-04050-01-00026

ASK ABOUT THIS PROPERTY

Ethan KhaldarMountain EquitiesMore Info
301-332-2775

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Ethan KhaldarMountain EquitiesMore Info
301-332-2775

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