391-393 Hawthorne | 391-393 Hawthorne Ave
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391-393 Hawthorne 391-393 Hawthorne Ave
5,201 SF 100% Leased Retail Building Newark, NJ 07112 $900,000 ($173/SF)
Executive Summary
Newark is full of opportunity and 391-393 Hawthorne Ave has become your oyster. The original building of Brragman's is up to date where all you have to do is buy and start collecting rents! If all three units are rented, can easily make $7,000/month. Sorry, THE BUSINESS IS NOT FOR SALE ONLY THE PROPERTY ITSELF!
STATS AS FOLLOWS:
- Two of three units are rented out for the next five years on a NNN w/right of renewal after five years
- Each unit pays their own utilities and meters are seperated. Water is divided by the three units
- Roof done in 2021
- Newer hot water heaters
- Each unit (1,500sqft) has its own basement for an additional 1,000sqft storage space
- Unit 1: is occupied by a community grocery store
- Unit 2: originally occupied Bragman's Deli (has a walk in cooler, stove, and other equipment may be available)
- Unit 3: occupied - Owner of building has an option to expand w/first right of refusal on buildings next to Bragman's (389 & 395).
Units 1 & 3 pay $2000 & $2500 plus utilities, taxes, and water.
STATS AS FOLLOWS:
- Two of three units are rented out for the next five years on a NNN w/right of renewal after five years
- Each unit pays their own utilities and meters are seperated. Water is divided by the three units
- Roof done in 2021
- Newer hot water heaters
- Each unit (1,500sqft) has its own basement for an additional 1,000sqft storage space
- Unit 1: is occupied by a community grocery store
- Unit 2: originally occupied Bragman's Deli (has a walk in cooler, stove, and other equipment may be available)
- Unit 3: occupied - Owner of building has an option to expand w/first right of refusal on buildings next to Bragman's (389 & 395).
Units 1 & 3 pay $2000 & $2500 plus utilities, taxes, and water.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Building Size
5,201 SF
Year Built/Renovated
1930/2019
Price
$900,000
Price Per SF
$173
Percent Leased
100%
Building Height
1 Story
Building FAR
1.00
Land Acres
0.12 AC
Walk Score ®
Very Walkable (70)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 14-03037-0000-00021 | Improvements Assessment | $277,900 |
| Land Assessment | $112,200 | Total Assessment | $390,100 |
PROPERTY TAXES
Parcel Number
14-03037-0000-00021
Land Assessment
$112,200
Improvements Assessment
$277,900
Total Assessment
$390,100
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Carolina Campbell -
Real Broker
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391-393 Hawthorne | 391-393 Hawthorne Ave
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