67 Broadway - Storefront Retail/Residential FOR SALE


Newark, NJ 07104
$950,000 USD
201-710-0598
67 Broadway, Newark, NJ for Sale
$950,000 USD
Storefront Retail/Residential - FOR SALE
1/32
null | 7.25% Cap Rate

67 Broadway
Newark, NJ 07104


HIGHLIGHTS

  • Prime Location
  • Minutes to Downtown Newark
  • Fully remodeled.

OVERVIEW

Discover a highly desirable mixed-use property just five blocks from the heart of downtown, offering excellent rental income at 7.25% CAP Rate and long-term leases. This property is ideal for investors looking for a steady revenue stream with growth potential! Commercial Space (1st Floor): Spacious commercial area with a basement, currently leased for $2,570 per month with a secure 10-year lease and a 3% annual rent increase. This setup ensures reliable income with a growth trajectory for years to come. Residential Units: 2nd Floor: Fully renovated 4-bedroom, 1-bathroom apartment with a lease in place. Enjoy $2,550 in monthly rent for this renovated unit, offering a comfortable living space for tenants. 3rd Floor: 3 bedrooms, 1-bathroom unit renting at $2,000 per month. Additional Highlights: No on-site parking, but conveniently located just a short five-block walk to downtown.

FOR SALE DETAILS

PRICE

$950,000 USD

PRICE/SF

$169 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,875 SF

ZONING

-

APN/PARCEL ID

14-00449-0000-00062

ASK ABOUT THIS PROPERTY

Maikol PueblaChristie's International Real EstateMore Info
201-710-0598

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Maikol PueblaChristie's International Real EstateMore Info
201-710-0598

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