Properties

Description

Prime Mixed-Use Investment Opportunity in the Growing Weequahic section of Newark, NJ. Discover the potential of this versatile mixed-use building, perfectly positioned in a rapidly developing South Ward. Featuring a ground-floor commercial space and two residential units above, this property offers a fantastic opportunity for investors, business owners, or those looking to add value through renovation. Main Floor: Spacious commercial unit with street frontage ideal for retail, office, or a boutique cafe . Upper Levels: Two residential units, perfect for rental income or live-work flexibility. Opportunity to Add Value: The property needs work, presenting the perfect chance for customization and increased equity. Prime Location: Situated in a high-growth area with rising property values, new developments, and strong rental demand. With the right vision and updates, this property can generate multiple streams of income and become a standout asset in your portfolio. Don't miss this rare investment opportunity!As-Is ConditionSeller makes no warranties regarding C/O, outstanding Violations, OccupantsNo ContingenciesOpen/Outstanding Real Estate Taxes and/or Water/Sewer liens to be paid by Seller at ClosingANS Title required for Title Insurance

Features

  • Heating System : 1 Unit
  • Cooling System : Window A/c(s)
  • Basement : Unfinished
  • Roof Deck : Wood Shingle
  • Tax Assessed Valuation: 185500
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Gas In Street

Additional Info

  • Office Name: KELLER WILLIAMS - NJ METRO GROUP
  • Office MLS ID: 4129
  • Agent ID: 285362
  • Tax: 7054
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: RDV

Commercial For Sale

For Sale
$329,000

1040 Bergen St, Newark City, *

  • SQFT 25 Acre
  • Built Year 1920

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5345174
  • Price: $329,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1920
  • Year Built Description: Approximate, Standing
  • Lot Area: 25 Acre
  • Status: Active
  • Days On Market: 127

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Bergen St
  • Street Number: 1040
  • Street Direction: 78 East to Irvington to Chancellor to Bergen.
  • Floor Number: 0
  • Longitude: W75° 47' 32''
  • Latitude: N40° 42' 30.7''
  • Internet Display Address: Yes
Property