Commercial $ 650,000

254 Berkeley Ave

Newark City, NJ 07107

  • 5,001 SqFt
  • - Year Built
Exceptional opportunity to acquire a spacious institutional/commercial property located in the heart of Newark?s thriving Roseville section. This unique building offers expansive interior space featuring a large assembly hall, multiple offices, meeting rooms, classrooms, storage areas, and flexible-use space suitable for a variety of permitted uses.Positioned on a prominent corner with excellent visibility and accessibility, the property is conveniently located near major highways, public transportation, shopping, and residential neighborhoods. The layout and size provide endless potential for owner-users, nonprofits, community organizations, investors, or redevelopment opportunities.In addition, the adjacent property may also be available for purchase, creating a potential combined lot size of approximately 100 x 100. This presents a rare development opportunity for builders and investors seeking potential ground-up construction possibilities in a rapidly developing area. Preliminary concepts may support multiple residential units or new construction opportunities, subject to buyer verification, zoning approvals, and municipal approvals. 250-252 Berkeley Ave, Newark, Package dealBuyer to perform all due diligence regarding zoning, permitted uses, subdivision requirements, and future development possibilities.
Listed by REALTY ONE GROUP SUNRISE

PROPERTY DETAIL

  • Key Details

    Property Type Commercial

    Listing Status Active

    Purchase Type For Sale

    Square Footage 5, 001 sqft

    Price per Sqft $129

    MLS Listing ID 4029419

  • Location

    State NJ

    County Essex

  • Rooms

    Basement Finished, Full

  • Building

    Sewer Public Sewer

    Water Public Water, See Remarks

  • Interior

    Heating Gas-Natural, See Remarks

    Cooling See Remarks

    Heat Source Gas-Natural, See Remarks

  • Exterior

    Parking Features None, See Remarks

    Utilities Available Electric, Gas In Street, See Remarks

  • Others

    Ownership Sole Proprietorship

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CONTACT

Stanley Francois
Stanley Francois

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