391 Hawthorne Ave,Newark City, NJ 07112
Newark City, NJ 07112
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).
Details
| MLS # | 3975573 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract Cont. To Show |
| Year | 1930 |
| Days On Site | 451 |
| Listing Provided By | REAL | CAROLINA CAMPBELL |
Features
| Basement | Y |
|---|---|
| Story(s) | 1 |
| Units | 3 |
| Zoning | 4A |
Taxes
| Property | 14574 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07112 |
| Area | Essex |
| Listing VS Median (in 07112) | |
Price: $900,000 low | high Med: $2,650 On site: 451 low | high Med: 10.5 | |
Market Activity 07112
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07112 |
| Area | Essex |
| Listing VS Median (in 07112) | |
Price: $900,000 low | high Med: $2,650 On site: 451 low | high Med: 10.5 | |
