57-61 Spring St | Newton, NJ 07860
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57-61 Spring St
Newton, NJ 07860
Court Square Bldg · Office Property For Sale
PROPERTY FACTS
Property Type
Office
Building Size
20,000 SF
Building Class
B
Year Built/Renovated
1920/1992
Tenancy
Multiple
Building Height
4 Stories
Typical Floor Size
5,000 SF
Building FAR
2.55
Lot Size
0.18 AC
Zoning
C-2
Parking
16 Spaces (0.8 Spaces per 1,000 SF Leased)
About 57-61 Spring St , Newton, NJ 07860
Locate across the street from the County Court House on the town square. 18 car parking. The neighboring lot is the municipal parking lot. In 2017 one of the tenants moved out making 2,700 SF available for new owner. The vacant unit is on the 4th floor with great views of the town and court house. Annual Rents for 2018 are projected at $133,873 and Projected Net Income $58,647. Perfect opportunity for user/investor
PROPERTY TAXES
| Parcel Number | 15-00008-03-00013 | Improvements Assessment | $949,100 |
| Land Assessment | $117,700 | Total Assessment | $1,066,800 |
PROPERTY TAXES
Parcel Number
15-00008-03-00013
Land Assessment
$117,700
Improvements Assessment
$949,100
Total Assessment
$1,066,800
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