895 Broad St
Newark City, NJ 07102-2622
- – beds
- – baths
- – sqft
- 4,792 sqft lot
- – on site
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!
Last checked:
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Last updated Jan 27, 2025
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MLS# 3943058 —
Location
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Directions:BROAD ST AND WILLIAM ST INTERSECTION
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Location:Business District, Commercial Area, Highway Commercial
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Latitude:40.73261
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Longitude:-74.17415
The Property
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Lot Identifier:17
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Approx Lot Size:30 Sqft
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Total Acres:0 Sqft
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Present Use:Commercial
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Zoning:Neighborhood Commercial, Office/Research, Planned Residential Community
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Road Surface:Public Maintained Road
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Easements:Unknown
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Assessment Land:498000
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Assess Amount Land Tax:*
Listing Agent
- Contact info:
- Agent phone:
- (866) 201-6210
- Office phone:
- (855) 450-0442
Taxes
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Tax ID:*
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Tax ID For Property:1614-00093-0000-00017-0000-
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Tax Year:2024
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Tax Year:*
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Tax Rate:*
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Tax Rate Year:2024
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Tax Rate Amount:3.803
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Tax Amount:$26,621
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Tax Amount:$*
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Lot ID Tax:*
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Lot Size Tax:*
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Acres Tax:$*
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Block ID Tax:*
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City Tax:$*
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County Tax:$*
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Zip Code Tax:*
Utilities
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Water:Public Water in Street
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Sewer:Public Sewer in Street
The Community
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Assessment Total:700000
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Assessment Total Tax:*
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Assessment Bldg:202000
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Assess Amount Building Tax:*
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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1/26/25
Jan 26, 2025
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Listed / Active | GSMLS | $2,280,000 |
