Property
Newark City, NJ 07107 294 Park Ave
$650,000
11 more
Presented By: WEICHERT REALTORS - HOME CITY
SQFT • 2,139
SQFT • 2,139Home Details
Prime Mixed-Use Opportunity on Busy Park Avenue Corridor. Don't miss this exceptional opportunity to own a versatile mixed-use property suited for both investors and owner-operators looking to start or expand their business. Strategically located on a high-traffic corridor near the Park Avenue Light Rail Station and just moments from Branch Brook Park, this property offers outstanding visibility and accessibility. The first floor features a fully equipped BBQ restaurant, ready for immediate operation, along with a basement that provides additional storage and utility space. The second floor offers a well-maintained three-bedroom apartment in excellent condition, featuring hardwood floors and HVAC, making it ideal for owner-occupancy or rental income. Perfect for generating multiple income streams while building long-term value in a thriving location
Presented By: WEICHERT REALTORS - HOME CITY
Interior Features for 294 Park Ave
Bedrooms
Num 4 Bed Units
Bathrooms
Num Units w/Full Bath1
Half Baths
Other Interior Features
Price Per Sq Ft0.00
Available Sq Ft2139
Num 3 Bdrm Units3
Num 2 Bdrm Units0
Num 1 Bdrm Units
BasementFull, Walkout
FlooringTile, Wood
Fuel TypeElectric, Gas-Natural
Total Stories2
General for 294 Park Ave
ConstructionBrick/Block
Cooling2 Units, Central Air
CountyEssex
DirectionsOff Bloomfield Ave to Park Avenue
Documents AvailableNo Documents Available
DriveOn-Street Parking
EasementUnknown
Equipment AvailableAppliances, Exhaust System, Kitchen Area, Restrooms - Public, Sign - Building, Smoke Detector, Sprinkler System, Storage Area(s)
Garage Spaces
Gross Income
Heating2 Units, Forced Hot Air
Leasable Area2139
LocationResidential Area
MaintenanceExpense
Net Operating Income
Num Apts
Number Of Units Total
Operating Expense
OwnershipFee Simple
Possessionat closing
Property TypeRestaurant, Store With Apartment
Property TypeStore With Apartment
RoofFlat
SewerPublic Sewer
Standard StatusActive
StatusActive
Subdivision NameNorth
Tax Annual Amount10853
Tax Assessed Value271400
Tax Lot81
Tax Year2025
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built2001
Zoning4A
Exterior for 294 Park Ave
Building Area Total2139
Exterior DescriptionBrick/Block, Vinyl Siding
Lot Dimensions20.3X105.3
Lot FeaturesLevel Lot
Lot Size Acres0.05
Max Ceiling Height0
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking0
Water SourcePublic Water
Additional Details
Price History
Brian Lee
Associate