NJ > Newark City
Newark City, NJ 07102,895-897 Broad St
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Newark City, NJ 07102,895-897 Broad St
Newark City, NJ 07102,895-897 Broad St
Newark City, NJ 07102,895-897 Broad St
Newark City, NJ 07102,895-897 Broad St
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Patric Santo Pietro

Patric Santo Pietro

+1(732) 570-5442
$ 2,280,000
Est. payment /mo
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895-897 Broad St Newark City, NJ 07102

4,791 Sqft Lot

UPDATED:

01/26/2025 09:35 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3943058

HOA Y/N No

Annual Tax Amount $26,621

Tax Year 2024

Lot Size 4,791 Sqft

Property Description

LOCATION, LOCATION, LOCATION!Located directly across from Newark Town Hall, this rare investment opportunity is ideal for builders and investors looking to capitalize on one of the most desirable commercial streets in the city. The property is currently home to a Crown Fried Chicken (owned by the seller) and a nail salon, which generates $4,000 per month in rental income. However, the property can be delivered fully vacant, providing maximum flexibility for the buyer to reimagine its use. Per the seller's claims (buyer to conduct their own due diligence), the zoning allows for the construction of up to four floors plus a ground floor, which could accommodate 12 residential units and two commercial spaces. The true value lies in the property's prime location and development potential, making it a perfect addition to any investor's or developer's portfolio. Don't miss this opportunity to secure a high-visibility property in Newark's thriving urban landscape schedule your showing today!

Location

State NJ

County Essex

Building

Sewer Public Sewer in Street

Water Public Water in Street

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by REAL
agent

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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895-897 Broad St

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