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172-174 12th ave - 12th Ave Church of Christ

1,332 SF Specialty Building Offered at $585,000 at a 10% Cap Rate in Newark, NJ 07107

Churches & Religious Facilities New Jersey Newark 172-174 12th ave, Newark, NJ 07107

Investment Highlights

  • Plenty of parking
  • Current religious facility
  • Commercial space

Executive Summary

Fantastic opportunity for a owner user of multiple applications with the commercial space. Plenty of parking! Presently zoned for religious purposes.

Financial Summary (Pro forma - 2024)

Annual Annual Per SF
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income - -
Net Operating Income $60,000 $45.05

Financial Summary (Pro forma - 2024)

Gross Rental Income
Annual -
Annual Per SF -
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual -
Annual Per SF -
Net Operating Income
Annual $60,000
Annual Per SF $45.05

Property Facts Under Contract

Price $585,000 Lot Size 0.12 AC
Price Per SF $439 Building Size 1,332 SF
Sale Type Investment or Owner User No. Stories 1
Cap Rate 10% Year Built 1950
Property Type Specialty Parking Ratio 18.77/1,000 SF
Property Subtype
Religious Facility
  • Specialty Parking Lot
  • Specialty Lodge Meeting Hall
  • Specialty Contractor Storage Yard
 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Price $585,000
Price Per SF $439
Sale Type Investment or Owner User
Cap Rate 10%
Property Type Specialty
Property Subtype
Religious Facility
  • Specialty Parking Lot
  • Specialty Lodge Meeting Hall
  • Specialty Contractor Storage Yard
Lot Size 0.12 AC
Building Size 1,332 SF
No. Stories 1
Year Built 1950
Parking Ratio 18.77/1,000 SF
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

  • Bus Line
1 of 1
Walk Score ®
Very Walkable (77)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 14-01800-0000-00003 Improvements Assessment $106,500
Land Assessment $63,600 Total Assessment $170,100

PROPERTY TAXES

Parcel Number
14-01800-0000-00003
Land Assessment
$63,600
Improvements Assessment
$106,500
Total Assessment
$170,100

zoning

Zoning Code commercial (Mixed use, commercial, storage, parking)
commercial (Mixed use, commercial, storage, parking)
(908) 810-1314

  • Listing ID: 31062721

  • Date on Market: 2/27/2024

  • Last Updated:

  • Address: 172-174 12th ave, Newark, NJ 07107

More public record information on 172-174 12th ave, Newark, NJ 07107

The Specialty Property at 172-174 12th ave, Newark, NJ 07107 is currently available For Sale. Contact KW Commercial MTD Realty Group for more information.

Specialty PROPERTIES IN NEARBY NEIGHBORHOODS

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172-174 12th ave, Newark, NJ for sale Primary Photo- Image 1 of 11
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172-174 12th ave, Newark, NJ for sale Interior Photo- Image 2 of 11
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Exterior of Building
172-174 12th ave, Newark, NJ for sale Building Photo- Image 5 of 11
Parking Lot
172-174 12th ave, Newark, NJ for sale Building Photo- Image 6 of 11
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172-174 12th ave, Newark, NJ for sale Interior Photo- Image 7 of 11
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172-174 12th ave - 12th Ave Church of Christ
(908) 810-1314 x

172-174 12th ave - 12th Ave Church of Christ

1/2

John Brito

(908) 810-1314

(908) 810-1314

Reed Kean

(973) 913-8007

(973) 913-8007

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