Address
387 Summer Ave Newark City, NJ
Price
$ 599,000
Property Attributes
  • ID#3756272
  • TypeCommercial
  • CountyESSEX
  • CityNewark City
  • AreaNewark City
  • Zip07104
  • StyleMixedUse
  • Taxes$ 7178
  • Price$ 599,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms3
  • Sqr Footage1613
  • Lot Size3,049 SqFt
Listing Provided Courtesy Of:
SIGNATURE REALTY NJ
Data Source:
Garden State MLS (GSMLS)
Property Description

Great Opportunity to own a MIX USE investment property near the Forest Hill section of Newark. This amazing Brick building is located on zoning R2 and it can be converted into a two family plus the commercial space. The property layout is already set up as a COMMERCIAL FRONT STORE plus a one bedroom apartment behind the store if the buyer adds a kitchen. On the second floor unit we have a 3 bedroom apartment with an eat in kitchen and living room. The building has been fully renovated from top to bottom containing new roof, new electrical, new plumbing, new windows, and new gutters.The basement will be delivered finished containing 2 bonus bedrooms. The building is located near RT 21, RT 78 and parkway. Easy commute to NYC, close to shops, schools and parks. The commercial part can be used as a DayCare, Office, laundromat and much more.

Price History
12/17/2021 Listed $599,000

General Features

Basement Finished-Partially, Storage
Construction Brick/Block
Cooling No Cool
Drive On-Street Parking
Heating 1 Unit, Baseboard - Electric, Radiators - Hot Water
Num Apts 2
Prior Use FURNITURE STORE
Property Type Mixed Use, Office/Apartments
Property Type MixedUse
Roof Asphalt Shingle
Sewer Public Sewer
Tax Annual Amount 7178
Total Units 2
Town # 1614
Township Newark City
Utilities All Underground, Gas In Street
Zoning R2

Interior Features

Fuel Type Electric, Gas-Natural
Num 1 Bdrm Units 1
Num 3 Bdrm Units 1
Num Units W/full Bath 2

Exterior Features

Building Area Total 1613
Exterior Description Aluminum, Brick
Lot Dimensions 25X115
Max Ceiling Height 9999
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 07104

Price
AVG $460K
$600K
Taxes
AVG $55,234
$7,178
Visits
AVG 64
15
Walkscore
AVG 82
71
Data Provided by Walkscore ® not using MLS data

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