50-54 Sussex Ave, Newark, NJ

Multi-Use for Sale - $1,799,000 - 0.33 acres


Agent Info

Dylan Cabral
Joseph James Realty

Property Info

CIMLS#1062408
Location
  50-54 Sussex Ave
  Newark NJ 07103
UpdatedNovember 20th, 2019
TypeMulti-Use
Price$1,799,000
Land0.33 acres

Contact


Property Description

The investment opportunity you have been looking for in the midst of University Heights redevelopment area in Newark. Neighboring Rutgers, NJIT, Essex County College, University Hospital this mixed use commercial property comes with a bonus single fam home with large parking lot. Totaling 14,320 sq ft. All brick 3 unit building presently being used as Auto Body Shop, Hair Salon and Martial Arts Dojo. Collecting $54,324 yearly from Hair Salon and Auto Body Shop(Martial Arts Dojo is owner operated and will be delivered vacant). Tons of potential on zoning.



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