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526 Broadway

Newark City, NJ 07104
  • $550,000
  • STATUS: Active Under Contract
  • ON SITE: 127 Days
  • MLS #: 3825393
Under Contract
UPDATED: 73 min ago
$550,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,850
    SQFT
  • $113
    $/SQFT
Type:
Commercial
Built:
1980
County:
Area:

School Ratings & Info

Description

This beautifully renovated building offers incredible visibility to someone looking to gain exposure for their business. Currently, there is a Valcom security and monitoring system in place. Cameras are located on both the exterior and interior of the building. The building?s fire and smoke alarm is hardwired direct to the central station. Sprinkler system is in place for both the retail and basement spaces. The total building size is 4,850sf, offering 2,500sf on street retail and an additional 2,350sf in the basement. The retail space offers front and rear entrances, and the basement space can be accessed through bilco doors from the street and a back staircase from within the building. The rollup door that is visible from the street is now used as an additional form security door as plate glass was installed for greater visibility. Current owner is designated tax exempt, buyer would need to verify taxes.Located in the MX-1 (Mixed Use 1) Zone which allows for a blend of residential and commercial uses within the same building or district. Allows for moderately dense Residential development, permitting single-, two-, and three-family homes and town homes up to three stories high, as well as low-rise, multi-family housing up to four stories high. Commercial development in the MX-1 zone allows for ground-floor commercial with commercial or residential above

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Michele Klug Team | Keller Williams Towne Square Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Michele Klug Team | Keller Williams Towne Square Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-05-28T11:46:16.917.
www.micheleklug.com/homes/136319820
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526 Broadway Newark City, NJ 07104

  • Price: $550,000
  • Status: Active Under Contract
  • On Site: 127 Days
  • Updated: 73 min ago
  • MLS #: 3825393
0
Beds
0
Baths
0
½ Baths
0.07
Acres
4,850
SQFT
$113
$/SQFT
1980
Built
County:
Essex
Area:
Newark City
Property Description
This beautifully renovated building offers incredible visibility to someone looking to gain exposure for their business. Currently, there is a Valcom security and monitoring system in place. Cameras are located on both the exterior and interior of the building. The building?s fire and smoke alarm is hardwired direct to the central station. Sprinkler system is in place for both the retail and basement spaces. The total building size is 4,850sf, offering 2,500sf on street retail and an additional 2,350sf in the basement. The retail space offers front and rear entrances, and the basement space can be accessed through bilco doors from the street and a back staircase from within the building. The rollup door that is visible from the street is now used as an additional form security door as plate glass was installed for greater visibility. Current owner is designated tax exempt, buyer would need to verify taxes.Located in the MX-1 (Mixed Use 1) Zone which allows for a blend of residential and commercial uses within the same building or district. Allows for moderately dense Residential development, permitting single-, two-, and three-family homes and town homes up to three stories high, as well as low-rise, multi-family housing up to four stories high. Commercial development in the MX-1 zone allows for ground-floor commercial with commercial or residential above
Exterior Features

Approximate Lot Size 31X90 Available Parking Spaces 0 Construction Brick/Block Exterior Description Concrete Location Business District Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description On-Street Parking Roof Description Flat

Interior Features

Basement Yes Basement Description Bilco-Style DoorFinished-PartiallyFull Cooling Central Air Equipment Available Burglar AlarmFire AlarmSecurity System Floors Laminate Heating 1 Unit Max Ceiling Height 10 Max Door Height 0 Number Of Doors 0 Number Of Lavatories 1 Office Sq Ft 0

Property Features

Building Number 1 For Sale Or Lease For Sale Fuel Type Gas-Natural Permitted Use Mixed Use Residential/Commercial Primary Property Type Offcretl Prior Use Retail Store Property Type Office/Retail Sale Includes Building & Land Sewer Public Sewer Suite Number 1 Tax Amount 12000 Tax Rate Amount 3.734 Tax Rate Year 2021 Tax Year 2021 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Renovated Zoning Mx-1

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Keller Williams Valley Realty: 201-391-2500.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or The Michele Klug Team | Keller Williams Towne Square Realty. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than The Michele Klug Team | Keller Williams Towne Square Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-05-28T11:46:16.917.
 
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