Properties

Description

Newark is full of opportunity and 391-393 Hawthorne Ave has become your oyster. The original building of Bragman's is up to date where all you have to do is buy and start collecting rents! If all three units are rented, can easily make $7,000/month. Sorry, THE BUSINESS IS NOT FOR SALE ONLY THE PROPERTY ITSELF! STATS AS FOLLOWS: - Two of three units are rented out for the next five years on a NNN w/right of renewal after five years- Each unit pays their own utilities and meters are seperated. Water is divided by the three units - Roof done in 2021 - Newer hot water heaters - Each unit (1,500sqft) has its own basement for an additional 1,000sqft storage space - Unit 1: is occupied by a community grocery store - Unit 2: originally occupied Bragman's Deli (has a walk in cooler, stove, and other equipment may be available) - Unit 3: occupied - Owner of building has an option to expand w/first right of refusal on buildings next to Bragman's (389 & 395).

Features

  • Heating System : Multi-zone
  • Cooling System : Central Air
  • Basement : Full, Finished-partially, Bilco-style Door
  • Roof Deck : See Remarks
  • Furnished : Laminate
  • Tax Assessed Valuation: 390100
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas-Natural
  • Internet

Additional Info

  • Office Name: REAL
  • Office MLS ID: 4989
  • Agent ID: 393139
  • Tax: 14574
  • Tax Year: 2023
  • Application Fee: $0
  • Zoning: 4A

Commercial For Sale

For Sale
$900,000

391 Hawthorne Ave, Newark City, *

  • SQFT 50 Acre

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5324821
  • Price: $900,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 0
  • Year Built Description: Standing
  • Lot Area: 50 Acre
  • Status: Active
  • Days On Market: 7

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Hawthorne Ave
  • Street Number: 391
  • Street Direction: Clinton Place to Hawthorne Ave
  • Floor Number: 0
  • Longitude: W75° 47' 24.2''
  • Latitude: N40° 43' 5.3''
  • Internet Display Address: Yes
Property