Multi-Family, Commercial $ 550,000

250 Berkeley Ave

Newark City, NJ 07107

  • 4 Beds
  • 3 Baths
    Full Baths: 3
  • 2,000 SqFt
  • 4,791 Lot Size
  • 1999 Year Built
Rare investment and development opportunity in the heart of Newark?s thriving Roseville section. 250-252 Berkeley Avenue, a legal two-family property, is being offered together with the neighboring institutional/commercial property as a package deal, creating an approximate combined lot size of 100 x 100.This unique assemblage presents exceptional potential for developers, investors, builders, or end-users seeking redevelopment opportunities in a rapidly growing area. Preliminary development concepts may support multiple new construction residential units, subject to buyer due diligence, zoning requirements, subdivision approvals, and municipal approvals.The existing two-family property provides immediate rental income potential and may remain tenant-occupied while developers pursue approvals, plans, and redevelopment opportunities, creating the possibility for cash flow during the planning and entitlement process.Conveniently located near major highways, public transportation, shopping, schools, and residential neighborhoods, this offering provides strong upside potential in an area experiencing continued growth and redevelopment activity.Buyer responsible for independently verify
Listed by REALTY ONE GROUP SUNRISE

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family, Commercial

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 000 sqft

    Price per Sqft $275

    MLS Listing ID 4029437

    Style 2-Two Story

    Bedrooms 4

    Full Baths 3

    Year Built 1999

    Annual Tax Amount $5,878

    Tax Year 2025

    Lot Size 4,791 Sqft

  • Location

    State NJ

    County Essex

  • Rooms

    Basement Finished

  • Building

    Sewer Public Available

    Water Public Water

    Architectural Style 2-Two Story

  • Interior

    Heating Gas-Natural

    Cooling None

    Heat Source Gas-Natural

  • Exterior

    Exterior Feature Aluminum Siding

    Utilities Available Electric, Gas In Street

    Roof Type Asphalt Shingle

  • Others

    Senior Community No

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CONTACT

Stanley Francois
Stanley Francois

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