65-67 Spring St - Storefront Retail/Residential FOR SALE


Newton, NJ 07860
$1,450,000 USD
646-408-8024
65-67 Spring St, Newton, NJ for Sale
$1,450,000 USD
Storefront Retail/Residential - FOR SALE
1/35
null | 7.14% Cap Rate

65-67 Spring St
Newton, NJ 07860


HIGHLIGHTS

  • Recently Renovated and Newly Built Apartments
  • New Retail Tenant with strong lease for 2025
  • New AC Units and other infrastructure replaced in 2024 when new apartments were added
  • Newton has strong apartment demand and no rent control
  • Train Station Coming to the Area (NJ Transit to NYC)

OVERVIEW

7 Units Total - 4 Apartments and 3 Retail/Office Two Newly Built Apartments (3 BR and 2 BR) and Two Recently Renovated Apartments (also 3 BR and 2 BR) along with 3 fully rented retail/office spaces make this offering ideal for anyone looking to acquire a turn key cash flowing property in an area with strong rental demand and upside. Renovated in both 2020 and 2024, 65-67 Spring St. has a large footprint of 11,000+ SF building. 5+ Parking Spaces in the rear for tenants. Municipal parking is directly behind and street parking is in front for additional parking needs Please Contact Marc for Detailed Income and Expenses

FOR SALE DETAILS

PRICE

$1,450,000 USD

PRICE/SF

$132 USD /SF

CAP RATE

7.14%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Turnkey 7 Unit Mixed Use 4 Apt & 3 Commercial

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1870

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

T-6

APN/PARCEL ID

15-00008-03-00012

ASK ABOUT THIS PROPERTY

Marc WeitzFairclough RealtorsMore Info
646-408-8024

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Marc WeitzFairclough RealtorsMore Info
646-408-8024

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