237 ADAMS ST, NEWARK, NJ

Corner of Adams & Nichols Street in the popular Ironbound section of Newark

5,620 SF

$1,399,999

Available

237 ADAMS ST, NEWARK, NJ

Property Details

Rare corner mixed use building that contains prime commercial space that can be utilized by an owner/user or leased to a new tenant. This value add building features 2 commercial spaces on the ground floor with 2 residential units above with lots of rent growth potential. This well kept building has central HVAC throughout, washer/dryers in units and even a private terrace for the top duplex unit. The property is conveniently located on the corner of Adams & Nichols Street in the popular Ironbound section of Newark, and directly across from Independence Park.

Agent info

Jason Trembicki

Commercial Real Estate Broker

Asking Price

$1,399,999

Cap Rate

6.24%

Gross Income

$121,800

Net Income

$87,426

About the Neighborhood

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