48 Elm Rd
Newark City, NJ 07105
Description
This freestanding single-story commercial building with a basement offers a rare opportunity for business owners to purchase a property and start operating immediately in the highly desirable Ironbound section of Newark, NJ. Ideal for office use, the property allows you to run your business now while benefiting from future development potential.Included in the sale are city-approved plans to transform the property into a modern boutique three-family residential building, giving you the flexibility to maintain office operations or transition to a three-family rental building as the area continues to appreciate. Additionally, with city approval, you can convert the property into a mixed-use building, operating your business in one unit while renting out the remaining two units. The possibilities are endless, offering a perfect blend of immediate business use and long-term investment potential.This versatile property allows you to start generating cash flow now while setting the stage for future growth and development. With easy access to Newark Penn Station and Downtown Newark, this location is prime for expansion and opportunity.
Interior Details
- HeatingSee Remarks
Property Details
- Exterior MaterialsBrick/Block
Construction Details
- Basement DescriptionFull, Unfinished
- Property TypePurchase
- BasementYes
Material information
- RoofSee Remarks
Utilities / Energy Details
- WaterPublic Water
- Utility FeaturesSee Remarks
Other
- OwnershipFee Simple
Source
- MLS #3925793
Location
Legal
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. 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.
Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Last Updated: . Source: GSMLS
Listing Courtesy
Listing Agent: CARLOS BELTRAN (#301377), Phone: (347) 292-8750
Listing Office: COMPASS NEW JERSEY LLC (#550205)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.