566 Hawthorne Ave, Newark City, NJ 07112
- $1,200,000
- List Price
- $1,200,000
- Days on Market
- 4
- Status
- ACTIVE
- MLS#
- 4053066
- Lot Size (Acres)
- 0.11
- Year Built
- 9999
Property Description
Excellent Mixed-Use Commercial and Residential Investment Opportunity!This impressive 5000-square-foot property features a fully equipped retail business, three renovated apartments, and an income-producing parking lot.The first floor includes a renovated one-bedroom apartment with a living room, dining room, kitchen, and full bathroom. It also features an approximately 2,880-square-foot grocery/retail space, currently operating as ?Stack N Smack.? The commercial space includes new shelving, exterior signage, a three-door refrigerator, custom counter, deli sandwich station, refrigerated prep tables, Toast POS self-ordering kiosk, security cameras, ADT security system, and LED smoke-shop displays. The second floor offers two renovated apartments. Each unit features two bedrooms, a living room, dining room, kitchen, and full bathroom. The side parking lot generates approximately $2,000 per month from truck parking. A unique opportunity for investors seeking multiple income streams from commercial, residential, parking, and development components.
Additional Information
- Area
- Newark City
- Basement Desc
- Unfinished
- Utilities
- Gas In Street
- Taxes
- $5,910
- Exterior
- Vinyl Siding
- Water
- Public Water
- Basement
- Yes
- Cooling
- 1 Unit, Central Air
- Roof
- Asphalt Shingle
- Show Address
- Yes
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Listing Courtesy Of RE/MAX PROFESSIONALS I, Contact: 973-450-4000
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