Commercial Real Estate for Sale at 294 Park Ave in Newark City, NJ for $700,000

Listing data updated September 19, 2024 - 7:47pm
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294 Park Ave | Newark City

$700,000 | 1 Baths (1 Half) | 2,139 Sq. Ft.

Investors, seize the opportunity with this versatile mixed-use property at 294 Park Ave, Newark, NJ! Priced to sell, this property includes a commercial space (currently a restaurant in great condition) on the ground floor, plus a two-bedroom apartment above. Offering central air and heat, it's perfect for an income-generating investment. Located in a highly commutable area, increasing potential for expansion or redevelopment. Ideal for buyers looking for strong rental income or business opportunities! GSMLS 3924989

Directions to property: I-280 E, take exit 13 L onto 1st St, then turn R onto Park Ave.Continue on Park Ave 0.5 miles.right

MLS Listing ID: 
GSMLS 3924989
Listing Category: 
Purchase
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Pricing
Pricing information for this listing.
List Price: 
$700,000
Basic Property Information
Fields containing basic information about the property.
Property Type: 
Commercial
Primary Market Area: 
Newark City
Address: 
294 Park Ave, Newark City, NJ 07107-1635, U.S.A.
County: 
Essex
Latitude: 
40.7595700
Longitude: 
-74.1883000
Directions: 
I-280 E, take exit 13 L onto 1st St, then turn R onto Park Ave.Continue on Park Ave 0.5 miles.right
Public Remarks: 
Investors, seize the opportunity with this versatile mixed-use property at 294 Park Ave, Newark, NJ! Priced to sell, this property includes a commercial space (currently a restaurant in great condition) on the ground floor, plus a two-bedroom apartment above. Offering central air and heat, it's perfect for an income-generating investment. Located in a highly commutable area, increasing potential for expansion or redevelopment. Ideal for buyers looking for strong rental income or business opportunities!
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
2001
Living Area: 
2,139
Basement: 
Full, Walkout
Construction
Construction Materials: 
Brick/Block
Roof: 
Flat
Exterior: 
Brick/Block
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
1
Total Half-Bathrooms: 
1
Utilities
Information about utilities available on the property.
Heating System: 
Cent Register Heat
Heating System Fuel: 
Electric, Gas-Natural
Cooling System: 
Central Air
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.05
Lot Size (Dimensions): 
20.3X105.3
Waterfront: 
0
Lot Features
Driveway: 
On-Street Parking
Parking Type: 
On-Street Parking
Public Record
Parcel Number: 
1614-01929-0000-00081-0000-
Lot Number: 
81
Annual Tax: 
$10,117.00
Property Zoning: 
4A
Contract Details
Details about the listing contract.
Possession: 
At Closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
EXP REALTY, LLC

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