4
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$650,000
Est. payment /mo
5,001 SqFt
Exclusive Listing
New
254 Berkeley Ave Newark City, NJ 07107
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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
Property Description
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.
Location
State NJ
County Essex
Rooms
Basement Finished, Full
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
Building
Sewer Public Sewer
Water Public Water, See Remarks
Others
Ownership Sole Proprietorship
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Listed by REALTY ONE GROUP SUNRISE
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