$549,000
Est. payment /mo
2,613 Sqft Lot
Coming Soon
587 S Orange Ave Newark City, NJ 07106
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Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Coming Soon
Purchase Type For Sale
MLS Listing ID 4052304
Year Built 1900
Annual Tax Amount $12,996
Tax Year 2025
Lot Size 2,613 Sqft
Property Sub-Type Mixed Use
Property Description
Excellent mixed-use investment opportunity on busy South Orange Avenue! This income-producing property features a commercial space on the first floor with an established tenant and lease in place. The second floor offers a renovated two-bedroom apartment, providing an additional source of rental income. A full unfinished basement provides additional storage. Renovated in 2021 and situated in Newark's C-2 Community Commercial and Residential Zone, the property offers strong visibility and convenient access to major highways, public transportation, shopping and neighborhood amenities. A great opportunity to add a versatile mixed-use property to your investment portfolio. Buyer responsible for verifying permitted uses and property information with the City of Newark.
Location
State NJ
County Essex
Zoning c-2
Rooms
Basement Full, Unfinished
Interior
Heating Electric, Gas-Natural
Cooling Central Air
Equipment Smoke Detector
Heat Source Electric, Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available Gas In Street
Roof Type Flat
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by EPIQUE REALTY
NEARBY SCHOOL & BUSINESS
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