1040 Bergen St Active Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07112
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,600 sqft
Price per Sqft $138
MLS Listing ID 3952043
Year Built 1920
Annual Tax Amount $7,054
Tax Year 2024
Lot Size 2,178 Sqft
Property Sub-Type Mixed Use
Property 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!
Location
State NJ
County Essex
Zoning RDV
Rooms
Basement Unfinished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum,Vinyl
Utilities Available Gas In Street
Roof Type Wood Shingle
Building
Story 3
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple