Price Reduction
Address
327 Mulberry St Newark City, NJ
Price
$ 2,300,000
Property Attributes
  • MLS#3689289
  • TypeCommercial
  • CountyESSEX
  • CityNewark City
  • AreaNewark City
  • Zip07102
  • StyleApartment Complex
  • Year Built1950
  • Taxes$ 13802
  • Price$ 2,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms5
  • Lot Size2,178 SqFt
Listing Provided Courtesy Of:
KELLER WILLIAMS METROPOLITAN
Data Source:
Garden State MLS
Property Description

Have the rare opportunity to own this asset that is swimming with potential and opportunity. Located only four blocks from the Prudential Center, this mixed use commercial space is one in a million. Not only is this shell being sold, but so is the grocery/liquor store WITH the liquor license. Have the potential to keep the grocery store, or convert it into a restaurant, a bar, a liquor/beer store, etc. The opportunities are endless. This building has an 8% cap rate. Don't delay-- make an appointment now.

Price History
1/27/2021 Listed $2,500,000
5/14/2021 8% - $2,300,000

General Features

Basement Full, Unfinished, Walkout
Construction Brick/Block, Formed Concrete
Cooling Wall A/C Unit(s)
Drive 2 Car Width
Flooring Vinyl-Linoleum
Garage Spaces 2
Heating Baseboard - Hotwater
Num Apts 4
Property Type Apartment Complex
Property Type Apartment Complex, Mixed Use, Store With Apartment
Roof Flat
Sewer Public Sewer
Tax Annual Amount 13802
Total Units 5
Town # 1614
Township Newark City
Utilities All Underground
Zoning UK

Interior Features

Fuel Type Gas-Natural
Num 1 Bdrm Units 4
Num Units W/full Bath 4

Exterior Features

Exterior Description Brick/Block, Concrete
Lot Dimensions 25X85
Lot Features Corner
Max Ceiling Height 9
Max Door Height 7
Water Source Public Water

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 07102

Price
AVG $920K
$2.3M
Taxes
AVG $25,945
$13,802
Visits
AVG 91
137
Year Built
AVG 1924
1950
Walkscore
AVG 89
89
Data Provided by Walkscore ® not using MLS data

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