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46-48 Water St

11,500 SF Vacant Office Building Newton, NJ 07860 $1,100,000 ($96/SF) 7.82% Cap Rate

Office Space New Jersey Newton 46-48 Water St, Newton, NJ 07860

Executive Summary

The sale includes 2 buildings, 46-48 Water St and 50 Water St; Block 5.05 Lot 21 & Block 5.05 Lot 20. Total acreage: .59 acres. Two large renovated office spaces, a 5-bedroom apartment, a 1-bedroom apartment, and a large auto repair shop. City sewer, water & gas. 9% CAP rate. Great opportunity. The owner will do a sale-leaseback. NOI $103,000.00. Mixed-use building with outdoor storage. Zoned for cannabis as well.

Attachments

Water St Floor Plans
WaterStEasmement
50WaterStSurvey
46-48WaterStSurvey
T-5 Permitted Uses

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Building Size
11,500 SF
Building Class
C
Year Built
1953
Price
$1,100,000
Price Per SF
$96
Cap Rate
7.82%
NOI
$86,000
Percent Leased
Vacant
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
3,000 SF
Building FAR
0.59
Lot Size
0.45 AC
Zoning
T-5
Parking
30 Spaces (2.61 Spaces per 1,000 SF Leased)

Amenities

  • Basement
  • Air Conditioning

MAJOR TENANTS

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Mark's Complete Automotive
  • -
  • 150 SF
  • -
  • -
  • Wealth Depot LLC
  • -
  • 3,000 SF
  • -
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease End
Mark's Complete Automotive - 150 SF - -
Wealth Depot LLC - 3,000 SF - -
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46-48 Water St, Newton, NJ - aerial map view
Walk Score ®
Very Walkable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
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, 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
(973) 726-7800

Contacts

  • Listing ID: 32473802

  • Date on Market: 8/24/2022

  • Last Updated:

  • Address: 46-48 Water St, Newton, NJ 07860

The Office Property at 46-48 Water St, Newton, NJ 07860 is currently available for sale. Contact Fairclough Realtors for more information.

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46-48 Water St
(973) 726-7800 x

46-48 Water St

1/2

Lisa Fairclough

(973) 726-7800

(973) 726-7800

Brian Fairclough

(973) 580-9123

(973) 580-9123

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