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702-704 S 12th St, Newark, NJ 07103

$550,000

  • For Sale
  • Active
  • Commercial
702-704 S 12th St, Newark, NJ 07103View this property at 702-704 S 12th St, Newark, NJ 07103
702-704 S 12th StNewarkNJ07103
Property Description
DONT MISS OUT!!! BRING ALL OFFERS, SELLER IS VERY MOTIVATED!! Great Opportunity to Own a Wearhouse for User, Investment or Income. 4901 Sq Ft in the Prime Location of Newark will bring you a nice cash flow!!! Near all major highways, Port and Airport. Includes office, warehouse space with drive in doors. Newer roof, windows and floor 2011.Currently tenant occupied at $4000/month. 1 Year Lease that ends October 2017. Tenant pays all utilities. Landlord pays for taxes and structural repairs. Insurance paid half by landlord half by tenant. There is a vacant lot behind it....

Full Property Details for 702-704 S 12th St

General

  • Price: $550,000
  • Taxes: $13,003 (2016)
  • Status: Active
  • Type: Commercial
  • MLS ID: 3374010
  • Updated: 4/4/2018
  • Added: 515 day(s) ago

Business

  • Includes: Building Only, See Remarks

Rooms

Bathrooms

  • Total Bathrooms: 2
  • Restrooms: 2

Additional Information

  • Equipment: Office Equipment, See Remarks, Kitchen Area, Restrooms - Private

Exterior

  • Color: GREY

Location

  • County: Essex
  • Driving Directions: Springfield Ave to S 12St
  • Location Details: See Remarks

Heating & Cooling

  • Cooling Type: See Remarks
  • Heating Type: See Remarks
  • Heating Fuel: Natural Gas, See Remarks

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: See Remarks

Structural Information

  • Construction: Brick/Block, See Remarks
  • Exterior Const.: See Remarks
  • Roof: Asphalt Shingles
  • Doors: 4
  • Stories in Building: 1
  • Square Feet: 4,901
  • Aprox. Leasable: 4,901 Sq. Ft.
  • Office: 4,901 Sq. Ft.
  • Remodeled/Updated: 2011

Lot Features

  • Lot Size (Acres): 0.11
  • Lot Size: 49X100
  • Zoning: COMMERCIAL

Financial Considerations

  • Assessment Amount: $378,000
  • Land Assmt: $58,800
  • Tax Amount: $13,003
  • Tax Year: 2016
  • Pays Utilities: Tenant

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: See Remarks
  • APN: 1614-02618-0000-00070-0000-
  • Block: 2618
  • Lot Number: 70

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Schools

Schools serving 702-704 S 12th St

School District:Newark Public Schools
Score
Name
Grades
Distance
2
428 Hawthorne Avenue, Newark, NJ 07112
K-8
0.8 mi
4
55 Clinton Place, Newark, NJ 07108
7-12
0.6 mi
NR
Fast Track Success Academy
150 Newton Street, Newark, NJ 07120
7-12
1.1 mi
9
260 Norfolk Street, Newark, NJ 07102
7-12
1.3 mi
4
246 18th Ave, Newark, NJ 07103
9-12
0.7 mi
8
321 Bergen Street, Newark, NJ 07103
9-12
0.7 mi
NR
Newark Leadership Academy
301 West Kinney, Newark, NJ 07103
9-12
0.8 mi
4
550 Dr. Martin Luther King Jr. Boulevard, Newark, NJ 07102
7-12
1.4 mi
4
74 Montgomery St, Newark, NJ 07103
6-12
1.6 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

Price & Sales History for 702-704 S 12th St Get Price Alerts

Date
Details
Price
Change
Source
12/29/2017
Price Reduced
$550,000
-8.33%
MLS
3/25/2017
Listed
$600,000
71.43%
MLS
9/05/2006
Sold
$350,000
133.33%
Public Record
9/08/2005
Sold
$150,000
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Community Info

Community Info for 702-704 S 12th St

Listed by Re/Max Select

702-704 S 12th St, Newark, NJ 07103 (MLS# 3374010) is a Commercial property. 702-704 S 12th St is currently listed for $550,000 and was received on March 25, 2017. Want to learn more about 702-704 S 12th St? Do you have questions about finding other Commercial real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.