Property

Newark City, NJ 07112 391 Hawthorne Ave

391 Hawthorne Ave Newark City, NJ - Image 1391 Hawthorne Ave Newark City, NJ - Image 2391 Hawthorne Ave Newark City, NJ - Image 3
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391 Hawthorne Ave Newark City, NJ - Image 4391 Hawthorne Ave Newark City, NJ - Image 5391 Hawthorne Ave Newark City, NJ - Image 6391 Hawthorne Ave Newark City, NJ - Image 7391 Hawthorne Ave Newark City, NJ - Image 8391 Hawthorne Ave Newark City, NJ - Image 9
Presented By: REAL; 862-703-9791
  • MLS# 3936091
  • 11/25/2024
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  • Full/Half Baths • 0 / 3
  • SQFT • 5,201

Home Details

Newark is full of opportunity and 391-393 Hawthorne Ave has become your oyster. The original building of Bragman's is up to date where all you have to do is buy and start collecting rents! If all three units are rented, can easily make $7,000/month. Sorry, THE BUSINESS IS NOT FOR SALE ONLY THE PROPERTY ITSELF! STATS AS FOLLOWS: - Two of three units are rented out for the next five years on a NNN w/right of renewal after five years- Each unit pays their own utilities and meters are seperated. Water is divided by the three units - Roof done in 2021 - Newer hot water heaters - Each unit (1,500sqft) has its own basement for an additional 1,000sqft storage space - Unit 1: is occupied by a community grocery store - Unit 2: originally occupied Bragman's Deli (has a walk in cooler, stove, and other equipment may be available). Unit is also available for lease (MLS: 3942661) - Unit 3: occupied - Owner of building has an option to expand w/first right of refusal on buildings next to Bragman's (389 & 395).
Presented By: REAL; 862-703-9791

Interior Features for 391 Hawthorne Ave

Bathrooms

Half Baths3

Other Interior Features

Price Per Sq Ft142.00
Available Sq Ft5201
BasementBilco-Style Door, Finished-Partially, Full
FlooringLaminate
Fuel TypeGas-Natural
Total Stories1

General for 391 Hawthorne Ave

ConstructionBrick/Block, Metal Frame
CoolingCentral Air
CountyEssex
DirectionsClinton Place to Hawthorne Ave
Documents AvailableSee Remarks
DriveOn-Street Parking
EasementNo
Equipment AvailableSee Remarks
HeatingMulti-Zone
Leasable Area1500
LocationSee Remarks
Number Of Units Total3
OwnershipFee Simple
PossessionAt Closing
Property TypeOffice/Retail, See Remarks
Property TypeSee Remarks
RoofSee Remarks
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount14574
Tax Assessed Value390100
Tax Lot21
Tax Year2023
Town #1614
TownshipNewark City
UtilitiesGas-Natural
Utilities Paid ByTenant
Year Built0
Zoning4A

Exterior for 391 Hawthorne Ave

Building Area Total6350
Exterior DescriptionSee Remarks
Lot Dimensions50X104
Lot Size Acres0.12
Max Ceiling Height15
Max Door Height10
Number of Bays0
Number of Docks0
Water SourcePublic Water

Additional Details

Price History

YOLANDA CASSIDY-BOGAN

Associate
Price $900,000
MLS#3936091
List Date 11/25/2024
Property Type Commercial
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