1 / 24IDX ListingNewark, NJ · Active
587 S Orange Ave
$549,000
0.06 acres
Description
Excellent mixed-use investment opportunity on busy South Orange Avenue! This income-producing property features a commercial space on the first floor with an established tenant and lease in place. The second floor offers a renovated two-bedroom apartment, providing an additional source of rental income. A full unfinished basement provides additional storage. Renovated in 2021 and situated in Newark's C-2 Community Commercial and Residential Zone, the property offers strong visibility and convenient access to major highways, public transportation, shopping and neighborhood amenities. A great opportunity to add a versatile mixed-use property to your investment portfolio. Buyer responsible for verifying permitted uses and property information with the City of Newark.
Property details
- Type
- Mixed Use
- Lot size
- 0.06 acres
- Lot dimensions
- 25X100
- Year built
- 1900
- Units
- 2
- Offered
- For Sale
- Zoning
- c-2
- Possession
- tbd
- MLS #
- 4052304
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