391-393 Hawthorne Ave - Retail FOR SALE


Newark, NJ 07112
$900,000 USD
862-703-9791
391-393 Hawthorne Ave, Newark, NJ for Sale
$900,000 USD
Retail - FOR SALE
1/10
null | Request Cap Rate

391-393 Hawthorne Ave
Newark, NJ 07112


OVERVIEW

Newark is full of opportunity and 391-393 Hawthorne Ave has become your oyster. The original building of Brragman's is up to date where all you have to do is buy and start collecting rents! If all three units are rented, can easily make $7,000/month. Sorry, THE BUSINESS IS NOT FOR SALE ONLY THE PROPERTY ITSELF! 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 Bragman's (389 & 395). Units 1 & 3 pay $2000 & $2500 plus utilities, taxes, and water.

FOR SALE DETAILS

PRICE

$900,000 USD

PRICE/SF

$173 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

391-393 Hawthorne

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,184 SF

ZONING

-

APN/PARCEL ID

14-03037-0000-00021

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 Policy.