Description
Take advantage of an opportunity to diversity your portfolio owning an income producing commercial property in a highly visible location, prime redevelopment section of Newark, diagonally across from Home Depot. Includes Two storefronts (specifically a renovated barbershop paying $1,910.08 per month; a convenient store paying $2,200 per month), along with one office space (paying $1,778.96 per month). All rents are scheduled to be increased the beginning of each calendar year! Lastly, one unique additional source of income includes one maintenance free billboard ($1300 per month). Cap rate will continually increase each year; this opportunity will not last much longer! *Sold As Is. City and State documents/ inspections are buyer's responsibility
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0BEDS
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0.07ACRES
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0BATHS
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01/2 BATHS
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2,980SQFT
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$300$/SQFT
School Ratings & Info
Description
Take advantage of an opportunity to diversity your portfolio owning an income producing commercial property in a highly visible location, prime redevelopment section of Newark, diagonally across from Home Depot. Includes Two storefronts (specifically a renovated barbershop paying $1,910.08 per month; a convenient store paying $2,200 per month), along with one office space (paying $1,778.96 per month). All rents are scheduled to be increased the beginning of each calendar year! Lastly, one unique additional source of income includes one maintenance free billboard ($1300 per month). Cap rate will continually increase each year; this opportunity will not last much longer! *Sold As Is. City and State documents/ inspections are buyer's responsibility
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Data last updated 2022-08-15T17:47:25.137.