Newark City, NJ 07112 1040 Bergen St
$499,000



2 more



Presented By: KELLER WILLIAMS - NJ METRO GROUP; 973-783-7400
Disclaimer: The information contained in this listing has not been verified by MyHouseNJ.com and should be verified by the buyer.
Home Details
Prime Mixed-Use Investment Opportunity in the Growing Weequahic section of Newark, NJ. Discover the potential of this versatile mixed-use building, perfectly positioned in a rapidly developing South Ward. Featuring a ground-floor commercial space and two residential units above, this property offers a fantastic opportunity for investors, business owners, or those looking to add value through renovation. Main Floor: Spacious commercial unit with street frontage ideal for retail, office, or a boutique cafe . Upper Levels: Two residential units, perfect for rental income or live-work flexibility. Opportunity to Add Value: The property needs work, presenting the perfect chance for customization and increased equity. Prime Location: Situated in a high-growth area with rising property values, new developments, and strong rental demand. With the right vision and updates, this property can generate multiple streams of income and become a standout asset in your portfolio. Don't miss this rare investment opportunity!
Presented By: KELLER WILLIAMS - NJ METRO GROUP; 973-783-7400
Interior Features for 1040 Bergen St
Bathrooms
Half Baths3
Other Interior Features
Price Per Sq Ft138.60
Available Sq Ft3600
Num 2 Bdrm Units3
Num 1 Bdrm Units3
BasementUnfinished
Fuel TypeGas-Natural
Total Stories3
General for 1040 Bergen St
ConstructionWood
CoolingWindow A/C(s)
CountyEssex
Directions78 East to Irvington to Chancellor to Bergen.
Documents AvailableSee Remarks
DriveNone, On-Street Parking
EasementUnknown
Equipment AvailableSee Remarks
Garage Spaces
Heating1 Unit
Leasable Area1500
LocationBusiness District
Num Apts2
Number Of Units Total3
OwnershipFee Simple
PossessionImmediate
Prior UseRetail
Property TypeMixed Use, Office/Retail, Store With Apartment
Property TypeStore With Apartment
RoofWood Shingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount7054
Tax Assessed Value185500
Tax Lot21
Tax Year2024
Town #1614
TownshipNewark City
UtilitiesGas In Street
Utilities Paid ByTenant
Year Built1920
ZoningRDV
Exterior for 1040 Bergen St
Building Area Total3600
Exterior DescriptionAluminum, Vinyl
Lot Dimensions25X90.5
Lot Size Acres0.05
Max Ceiling Height9
Max Door Height7
Number of Bays0
Number of Docks0
Total Parking0
Water SourcePublic Water
Additional Details
Price History
