NJ
Essex
Newark City
07103
25 Jacob St
25 Jacob St, Newark City, NJ 07103
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Listing Type
Commercial/Industrial
Listing Status
Pending
12
$265,000

Home Details for 25 Jacob St

Price
$265,000
Type
Commercial Sale
Lot size acres
0.06
County
Essex
Basement
Full, Unfinished
Days on site
72
MLS Listing#
4016006
Property Description

Unlock the potential of this mixed-use building located in the West Ward of Newark. The property features approximately 2,000 sq ft of commercial space on the first floor with two restrooms, plus a second-floor residential unit offering 3 bedrooms, kitchen, living room, and one full bathroom. The building has previously operated as both a childcare center and a House of Worship, demonstrating its flexibility for a variety of commercial, community, or institutional uses.For investors and developers, the property offers significant value-add potential. Buyers may choose to maintain the mixed-use configuration or explore the possibility of converting the building into two residential units (buyer to verify with the City of Newark). The open commercial layout provides a blank canvas for redevelopment.Conveniently located near West Side Park, University Hospital, Rutgers New Jersey Medical School, and the South Orange Avenue commercial corridor, with nearby schools receiving A and B ratings on Niche.com. Close to transportation, parks, shopping, and major neighborhood institutions.Property is being sold strictly as-is and requires renovation, offering an excellent opportunity to reposition a well-located building in one of Newark's active investment areas.

Property Features
  • Basement
    • Full
    • Unfinished
  • Heating Information
    • Natural Gas
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
Listing Courtesy: IDENTITY PROPERTIES - 908-333-2922
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EXIT REALTY LUCKY ASSOCIATES
290 Ferry St., Newark, NJ 07105
Office
973 817 7700
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