Commercial Listing for sale in Newark City, New Jersey, 3762564

587 S Orange Ave,

Newark City, New Jersey NJ07106-1308

Listing ID3762564

Price$599,000

StatusActive

SqFt 2,200

Acres 0.060

CountyEssex

Year Built1959

Property TypeCommercial Listing

Property Sub TypeMixed Use

Multi Use Bldg in Business Area with quick access to main routes. Bldg contructed brick/block, has new roof and backyard. Features Charitable Events/Svcs on 1st floor and Loft Style Luxury Apt on 2nd flr. Apartment has open floor plan with Living Rm, Dining Area and Kitchen with SS Apl, Master Bed & Bath and 2nd Bedroom and additional Bath. High End furnishings and Central Air Conditioning and heat. Showing starts 2/12/2022.

Primary Features

Location See Remarks

For Sale Or Lease For Sale

Sale Includes Building & Land

Number of Units 2

Construction Brick/Block

Exterior Description Brick/Block

Roof Description Flat

Equipment Available Fire Alarm, Intercom, Smoke Detector

Office SqFt 1100

Heating 4+ Units, Cent Register Heat, Forced Hot Air

Cooling 3 Units, Central Air

Sewer Public Sewer

Water Public Water

Utilities Electric, Gas-Natural

Interior Features

Available SqFt 2200

Basement Yes

Basement Description Full, Unfinished

Floors Laminate

Max Ceiling Height 10

Number of Lavatories 1

External Features

Approximate Lot Size 25X100

Color of Building beige

Construction Date/Year Built Description Approximate, Renovated

Easement Unknown

Lot Description Level Lot

Max Door Height 96

Parking/Driveway Description None, On-Street Parking

Primary Property Type MixedUse

Location Information

Block Identifier 4246

County Number 16

Lot Identifier 20

Town Number 1614

Zoning Bus/Res

Financial Details

Assessment Building 300800

Assessment Land 55000

Assessment Total 355800

Farm Assessment No

Gross Operating Income 51600

Lease Includes Water

Lease Information 2 Year Minimum, 3-5 Year Minimum

Net Operating Income 51120

Owner Pays Water

Ownership Type Fee Simple

Possession TBD

Tax Amount 13285

Tax ID For Property 1614-04246-0000-00020-0000-

Tax Rate 3.734

Tax Rate Year 2021

Tax Year 2021

Tenant Pays Electric, Gas, Heat, Hot Water, Repair Insurance, Repairs, Snow Removal, Trash Removal

Total Operating Expense 480

Utilities Paid By Tenant

Additional

Available See Remarks

Fuel Type Electric, Gas-Natural

Number of 2 Bedroom Units 1

Number of Apartments 1

Number of Stories 2

Number of Units w/Full Bath 1

Number of Units w/Half Bath 1

Number of Volts 200

Renovated Year 2021

Zoning Info

Listing Courtesy of 1-888-NJ-REALTY

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Contact - Listing ID 3762564

NYNJ Real Estate, LLC

1923 Springfield Ave

Maplewood, NJ 07040

Phone: 888-657-3258

Fax: 866-842-8260

Data services provided by IDX Broker