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558 S 18th St, Newark, NJ 07103
$1,350,000
558 S 18th St, Newark, NJ 07103View this property at 558 S 18th St, Newark, NJ 07103
558 S 18th StNewarkNJ07103
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Property Description
Welcome to 558 S 18th St, being sold along with 286-290 16th Ave. Offering two exceptional properties offering a prime opportunity for both business and residential investment. 558 S 18th St offers a full, unfinished basement with a spacious commercial unit on the ground floor, a 2-bredroom 2-bathroom apartment on the 2nd floor, and a 2-bedroom 1-bathroom on the 3rd floor. Conveniently located on the corner of 18th St and 16th Ave, this property enjoys prime visibility and accessibility, attracting both clients to the commercial space and residents seeking convenience and connectivity. Whether you're an investor seeking a lucrative income property or a business owner looking to establish a presence in a thriving community, this property presents an unparalleled opportunity. Don't miss out on the chance to own this exceptional mixed-use property, schedule a showing today and unlock its full potential.
Full Property Details
Full Property Details for 558 S 18th St
General
- Price: $1,350,000
- Taxes: $9,096 (2023)
- Status: Active
- Type: Retail
- MLS ID: 3902486
- Updated: 5/16/2024
- Added to Site: 23 day(s) ago
Business
- Includes: Building & Land
Interior
- Flooring: Tile, Wood
Rooms
Bathrooms
- Total Bathrooms: 3
- Restrooms: 4
Additional Information
- Equipment: Fire Alarm, Restrooms - Private, Smoke Detector, Storage Area(s)
Parking
- Parking: None
Location
- County: Essex
- Driving Directions: Grove St. to 16th Ave.
- Location Details: Corner
Heating & Cooling
- Cooling Type: No Cool
- Heating Type: 3 Units, Floor/Wall Heater
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Construction: Brick/Block
- Exterior Const.: Concrete
- Basement: Yes
- Basement Desc.: Bilco-Style Door, Full, Storage, Unfinished
- Roof: Asphalt Shingles
- Stories in Building: 3
- Square Feet: 2,583
- Aprox. Leasable: 2,583 Sq. Ft.
- Office: 2,583 Sq. Ft.
- Year Built: 1930
Unit Information
- 2 Bedroom Units: 2
- Units w/Full Bath: 3
Lot Features
- Lot Size (Acres): 0.03
- Lot Size: 1, 184.83 Sq Ft
- Zoning: Commercial
- Lot Description: Corner
Financial Considerations
- Price Per Sq. Ft.: $166
- Expenses: Electricity, Insurance, Taxes, Water/Sewer
- Assessment Amount: $244,000
- Land Assmt: $22,800
- Tax Amount: $9,096
- Tax Year: 2023
- Owner Pays: Water
- Tenant Pays: Electric, Gas, Heat, Hot Water
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: No Documents Available
- APN: 1614-00341-0000-00001-0000-
- Block: 341
- Lot Number: 1
Listed by Lim Bances Realty
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Schools
Schools serving 558 S 18th St
School District:Newark Public Schools
Rating | Name | Grades | Distance |
---|---|---|---|
619 S 17th St, Newark, NJ 07103 | K-8 | 0.2 mi | |
701 South Orange Ave, Newark, NJ 07106 | K-8 | 0.7 mi | |
359 13th Ave, Newark, NJ 07103 | PK-8 | 0.7 mi | |
Newark School Of Data Science & Information Technology
746 Sanford Ave, Newark, NJ 07106 | 9-10 | 1.4 mi | |
Newark School Of Global Studies
24 Crane St, Newark, NJ 07104 | 9-11 | 2.2 mi | |
Newark School Of Fashion & Design
239 Woodside Ave, Newark, NJ 07104 | 9-10 | 3.5 mi | |
428 Hawthorne Ave, Newark, NJ 07112 | PK-8 | 1.3 mi | |
87 Richelieu Ter, Newark, NJ 07106 | PK-8 | 1.4 mi | |
66 Muhammad Ali Ave, Newark, NJ 07108 | PK-8 | 1.4 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 558 S 18th St
Date
Details
Price
Change
Source
5/16/2024
Listed
$1,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 558 S 18th St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$9,116
—
$244,000
—
2021
$9,111
26%
$244,000
-14%
2021
$7,239
-31%
$283,000
—
2018
$10,451
4%
$283,000
—
2017
$10,075
3%
$283,000
—
2016
$9,735
4%
$283,000
—
2015
$9,364
-12%
$283,000
—
2019
$10,644
27%
$283,000
—
2013
$8,357
—
$283,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 558 S 18th St
558 S 18th St, Newark, NJ 07103 (MLS# 3902486) is a Retail property. 558 S 18th St is currently listed for $1,350,000 and was received on May 16, 2024. Want to learn more about 558 S 18th St? Do you have questions about finding other Retail real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.