Properties

Description

Exceptional mixed-use investment opportunity in Newark's thriving University Heights neighborhood! 221 Sussex Avenue features four residential units and one ground-floor commercial space, creating multiple income streams and strong cash-flow potential. Conveniently located near universities, downtown Newark, public transportation, major highways, and ongoing redevelopment projects, this property is positioned in one of the city's most desirable rental markets. Whether you're an experienced investor or looking to expand your portfolio, this property offers a combination of stable income, future appreciation potential, and long-term value. Don't miss this opportunity to own a well-located mixed-use asset in a growing community. Also available is the neighboring property at 219 Sussex Avenue. Purchase one or both, as the seller prefers a package sale of these side-by-side properties for maximum investment potential.

Features

  • Heating System : Forced Hot Air
  • Cooling System : No Cool
  • Roof Deck : Flat
  • Tax Assessed Valuation: 359700
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: RE/MAX PROFESSIONALS I
  • Office MLS ID: 226401
  • Agent ID: 259491
  • Tax: 13679
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: Mix

Commercial For Sale

For Sale
$1,350,000

221 Sussex Ave, Newark City, *

  • SQFT 25 Acre
  • Built Year 1950

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5374947
  • Price: $1,350,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1950
  • Year Built Description: Approximate
  • Lot Area: 25 Acre
  • Status: Active
  • Days On Market: 19

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Sussex Ave
  • Street Number: 221
  • Street Direction: Norfolk St. to Sussex Ave.
  • Floor Number: 0
  • Longitude: W75° 48' 53.6''
  • Latitude: N40° 44' 54.6''
  • Internet Display Address: No
Property