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Penny Lane Realtors
SOLD
$370,000
Date 04/19/2024

445 Orange St
Newark City, NJ 07107

Mixed Use
Commercial
3,438
Sq. Ft.
0.06
Acre Lot
Courtesy: EXP REALTY, LLC
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Welcome to a prime investment opportunity nestled in the vibrant heart of Newark! This historic building awaits your transformative touch, offering the potential to restore it into a lucrative cash-flowing property. With its central location and unique features, this property is a standout opportunity in the real estate market. This well-located gem boasts two spacious 3-bedroom, 2-bathroom units, each spanning approximately 1146 square feet, providing an ideal canvas for creating modern and desirable living spaces. The versatility of these units caters to a variety of tenant needs, ensuring broad appeal in the rental market.In addition to the residential units, the building includes a captivating storefront, spanning approximately 1070 square feet. This prime commercial space offers endless possibilities for entrepreneurs, retailers, or creative businesses looking to establish a presence in the heart of Newark.For your convenience, detailed building plans are available upon request, providing insight into the immense potential that this property holds. What sets this opportunity apart is its incredibly attractive pricing, significantly below market value. Seize the chance to add this beauty to your investment portfolio before it's too late. With the perfect blend of location, size, and potential, this property promises not only immediate value but also the prospect of long-term returns.
3891800
Mixed Use, 3+ Story
Essex
0.06 Acres
Public Water
3
Brick
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

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Courtesy: EXP REALTY, LLC
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