Additional details
Listed by Michael Martinetti Keller Williams Realty Westfield
$ 649,000
Est. payment | /mo
$ 649,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 24050418
Style Retail
Property Sub-Type Retail
Property Description
This versatile mixed-use property offers a unique investment opportunity in Newark’s thriving Springfield/Belmont neighborhood. The building features five units, including two ground-level commercial spaces currently operating as a grocery store and a convenience store, providing steady income potential. The residential component includes three well-maintained apartments: a spacious 3-bedroom, 1-bath unit, a comfortable 2-bedroom, 1-bath unit, and a studio apartment. Each residential unit boasts bright, airy living spaces with updated kitchens, creating an inviting and modern living environment. A finished basement completes the property. Strategically located near schools, parks, shopping, and dining options, the property is ideal for tenants seeking convenience and accessibility. Public transportation and major highways are easily accessible with public bus stops across the street, ensuring connectivity to downtown Newark and surrounding areas.
Location
State NJ
County Essex
Interior
Heating Baseboard
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