This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
$600,000 Just Listed
This is a carousel with tiles that activate property listing cards. Use the previous and next buttons to navigate.
1/1
Property Description
Prime Downtown Newton Redevelopment Opportunity. Exceptional investment and development opportunity in the heart of thriving downtown Newton, the County Seat. Prominently located on desirable Spring Street, this commercial building is ready for a complete rehabilitation, offering a rare chance to reimagine a cornerstone property in one of Northwest New Jersey's most active and walkable business districts. Surrounded by established restaurants, boutiques, professional offices, the courthouse, and in close proximity to Sussex County Community College property, this location benefits from steady foot traffic and strong community presence. Ideal for mixed-use transformation, the property lends itself to a dynamic redevelopment concept featuring three street-level retail spaces with residential apartments on the upper floors (subject to approvals), creating an attractive blend of commercial vitality and residential demand in the downtown core. Whether you're an investor, developer, or business owner seeking a signature downtown presence, this is a blank canvas with substantial upside potential. The included conceptual rendering reflects one vision for honoring the historic character of the site while maximizing modern commercial and residential appeal through thoughtfully designed upper-level apartments positioned above vibrant ground-floor retail. Property requires total rehabilitation. Buyer responsible for all due diligence, inspections, zoning verification, and approvals.
Full Property Details
Full Property Details for 132 Spring St
General
- Price: $600,000
- Taxes: $5,192 (2024)
- Status: Active
- Type: Commercial
- Source: Garden_State
- MLS ID: 4009175
- Updated: 2/12/2026
- Added to Site: 1 day(s) ago
Business
- Includes: See Remarks
Additional Information
- Equipment: See Remarks
Parking
- Parking: See Remarks
Location
- County: Sussex
- Subdivision: Downtown
- Driving Directions: Spring Street
- Location Details: Business District
Heating & Cooling
- Cooling Type: See Remarks
- Heating Type: See Remarks
- Heating Fuel: See Remarks
Utilities
- Sewer: See Remarks
- Water: See Remarks
- Utility Description: See Remarks
Structural Information
- Construction: See Remarks
- Exterior Const.: See Remarks
- Basement: Yes
- Basement Desc.: Unfinished
- Roof: See Remarks
- Stories in Building: 1
- Square Feet: 5,767
- Aprox. Leasable: 5,767 Sq. Ft.
- Year Built: 1938
Lot Features
- Lot Size (Acres): 0.07
- Lot Size: 00000.068 AC.
- Zoning: T-6
Financial Considerations
- Assessment Amount: $245,200
- Land Assmt: $95,200
- Tax Amount: $5,192
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: See Remarks
- APN: 2815-00008-0008-00023-0000-
- Block: 8.08
- Lot Number: 23
Listed by Weichert Realtors
Get Pre-Approved Today
Schools
Schools serving 132 Spring St
School District:Newton Town School District
| Name | Grades | Distance |
|---|---|---|
Halsted Street Middle School 59 Halsted Street, Newton, NJ 07860 | 6-8 | 0.3 mi |
Merriam Avenue Elementary School 81 Merriam Avenue, Newton, NJ 07860 | PK-5 | 0.9 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 132 Spring St
Date
Details
Price
Change
Source
2/11/2026
Listed
$600,000
300%
MLS
10/22/2018
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.
Tax History
Tax History for 132 Spring St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$5,192
-18%
$245,200
75%
2022
$6,317
—
$140,000
—
2021
$6,289
2%
$140,000
—
2020
$6,192
3%
$140,000
—
2019
$6,000
-49%
$140,000
-49%
2018
$11,723
1%
$275,000
—
2017
$11,654
2%
$275,000
—
2016
$11,468
3%
$275,000
—
2015
$11,165
20%
$275,000
—
2013
$9,342
—
$275,000
—
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 132 Spring St
132 Spring St, Newton, NJ 07860 (MLS# 4009175) is a Commercial property. 132 Spring St is currently listed for $600,000 and was received on February 11, 2026. Want to learn more about 132 Spring St? Do you have questions about finding other Commercial real estate for sale in Newton? You can browse all Newton real estate or contact a Coldwell Banker agent to request more information.

