741 S Orange Ave Newark City, NJ ^$ 9,000

741 S Orange Ave

^$ 9,000

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741 S Orange Ave

Newark City, NJ, 07106

^$ 9,000

Studio Baths0.2 Sq 7,480

Monthly Estimate*

^$ 60

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Studio Commercial Property for sale in Newark City, NJ for $9,000 with 2 half baths. This 7,480 square foot building was built in 1950 on a lot size of 0.15.

BEST LOCATION in Newark for ANY business venture on high traffic, high visibility South Orange Ave corner of No. Munn just 1 block to GSP with Vailsburg Park/Ronald L. Rice Sports Complex and Speedway Academies on opposite corners. This building was renovated in 2021. Multiple office spaces, waiting areas, storage areas, an almost 6,000 sq ft open area on 1st floor has held 24 cars. Historically, recently used as an Auto Body Repair and Mechanic shop. Paint booth intact. Zoned C2 - Community Commercial. Potential for any retail business (tenant must obtain any required inspections/certifications from the City of Newark). Adjacent building at 9 No. Munn (C2), paved parking lot at 11-13 No. Munn (C2) and vacant unpaved lot at 15 No. Munn (R2) also available for additional cost.

Commercial Active

Price

^$ 9,000

Bedrooms

Studio

Half Bath

Property Type

Commercial

Taxes

^$ 14,912

Style

Gas Station/Garage

Lot Size

0.15

Year Built

1950

Town/City

Newark City

County/Region

ESSEX

MLS | Web ID

3894698

Features

General

Sewer Public Sewer

Heating See Remarks

Cooling See Remarks

Utilities Electric Gas-Natural

Possession Immediate

Zoning C2

Year Built 1950

Tenant Pays Electric Gas Heat Hot Water Maintenance-Lawn See Remarks Snow Removal Trash Removal

Township Newark City

Property Type Gas Station/Garage See Remarks Store With Office Gas Station/Garage

Tax Year 2023

Percent Ownership Fee Simple

Location Business District Corner Freestanding

Lease Information Negotiable

County Essex

Subdivision Name Lower Vailsburg

Status Active

Directions Corner So. Orange Ave & No. Munn Ave Garden State Parkway Exit 144 diagonal to Vailsburg Park/Ronald Rice Sports Complex next to Speedway Academies

Total Units 1

Street Name S Orange Ave

Tax Annual Amount 14912

Drive See Remarks

Days on Market 25

Lease Type Other

Standard Status Active

Tax Assessed Value 400000

Town # 1614

Tax Lot 7

Tenant Landlord Pays Tenant Pays Commission

Farm Assessment No

Interior

Basement Bilco-Style Door Partial Unfinished Walkout

Fuel Type Gas-Natural

Total Stories 2

Half Baths 2

Exterior

Lot Features Corner Level Lot

Water Source Public Water

Building Area Total 7480

Lot Dimensions 62.3 X108.3

Lot Size Acres 0.15

* Excluded Features

List By

DEBORAH LONGSWORTH

Listing Agent

Real Deal Realty, Llc

Broker

dmlongsworth@yahoo.com

Affordability Calculator

$1,302

Per Month

Monthly Principal & Interest: $60
Monthly Property Taxes: $1,243
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Newark, NJ

Average List Price ^$1,066,961

Percent of Sale Price 11,755%

About Newark, NJ

283,201 Population

4% Since 2002

^$35,768 Median Income

34.98 Median Age

34% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/2/2024	$9,000	-10.00%	Price Down
4/8/2024	$10,000		Listed Price

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741 S Orange Ave, Newark City, NJ, 07106 is a Commercial Property for sale at $9,000 with 7,480 sqft and a lot size of 0.15. 741 S Orange Ave is a studio with 0.2 baths and was built in 1950. The property's zip code is 07106 which is in Newark City, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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741 S Orange Ave

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