895-897 Broad St, Newark City NJ 07102

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$1,990,000

895-897 Broad St, Newark City, NJ 07102

bedrooms

bathrooms

square feet

Acreage

0.11

Open Houses

year built

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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!

Location
Subdivision	-
County	Essex
Elementary School	-
Middle School	-
High School	-

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MLS number: 3943058

Listing agent: Masha Landkof

Listing broker: Real Broker Llc

Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Monday, February 10 2025 at 5:09 p.m. EST

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