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Listed by Carolina Campbell • Real • (862) 703-9791
$ 900,000
Est. payment /mo
Active
391-393 Hawthorne Avenue Newark, NJ 07112
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24037649
Style Retail
Annual Tax Amount $14,574
Property Sub-Type Retail
Property Description
Newark is full of opportunity and 391 to 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 Brragman'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 Brragman's (389 & 395)
Location
State NJ
County Essex
Area Newark
Interior
Heating Gas, Hot Water
Exterior
Utilities Available Sep Elec, Sep Gas, Sep Heat
Waterfront Description None
Building
Architectural Style Free Std
Others
Ownership Bank
