1040 Bergen St, Newark City, NJ 07112
sale
$499,000
|
Other
Courtesy Of NJ Metro Group LLC
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!
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Building Units: 3
- Floors: 3
- MLSID: 3952043
- Roof Type: Wood
- Roof Type: Shingle
- Rooms: Basement
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