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.
237 ADAMS ST, NEWARK, NJ
Corner of Adams & Nichols Street in the popular Ironbound section of Newark
5,620 SF
$1,399,999
Available
Property Details
Asking Price
$1,399,999
Cap Rate
6.24%
Gross Income
$121,800
Net Income
$87,426
About the Neighborhood
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