NJ
Essex
Newark City
07106
839-845 Sand Ford Ave
839-845 Sand Ford Ave, Newark City, NJ 07106
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Listing Type
Commercial/Industrial
Listing Status
Active
0
$2,000,000

Home Details for 839-845 Sand Ford Ave

Price
$2,000,000
Type
Commercial Sale
Year built
1939
Lot size acres
0.17
County
Essex
Basement
Full, Partially Finished, Walk-Out Access
MLS Listing#
4042284
Property Description

Exceptional Turnkey 12-Unit Mixed-Use Investment Opportunity! 835-839 Sanford Ave. Meticulously maintained and proudly owned by the same family for over 40 years, this all-brick mixed-use building has been thoughtfully renovated and impeccably cared for. The property features 6 commercial storefronts and 6 residential apartments, with long-term tenants and established businesses creating a strong, diversified income stream in a prime location near the Maplewood border. Current gross income is strong, with excellent upside through rent optimization. All tenants, including the owner's unit, are on month-to-month leases, providing flexibility for investors. Additional income OPPORTUNITIES include 7 fenced rentable parking spaces, coin-operated laundry, and individual tenant storage units. The property also offers a high-ceiling, semi-finished walkout basement with front and rear access, ideal for storage or additional utility space. Capital improvements include a roof with a 5-year warranty, newer windows, new steel lintels, professionally sealed exterior brick, and sealed basement walls. The fully fenced rear yard features gated access from Sanford Place. A rare opportunity to acquire an exceptionally maintained mixed-use asset offering stable cash flow, value-add potential, and long-term appreciation in one of the area's most desirable investment corridors.

Property Features
  • Heating Information
    • Baseboard
    • Natural Gas
    • Hot Water
    • Radiant
    • Zoned
  • Basement
    • Full
    • Partially Finished
    • Walk-Out Access
  • Utilities
    • Cable Available
    • Natural Gas Available
  • Water Features
    • Public
Listing Courtesy: ALL-CITY REALTY - 908-251-5530
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EXIT REALTY LUCKY ASSOCIATES
290 Ferry St., Newark, NJ 07105
Office
973 817 7700
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