Newark, NJ, 07102 - For Sale

Type:	Commercial
Address:	468 Washington Street, Newark, NJ, 07102
Bedrooms:	N/A
Bathrooms:	N/A
Year Built:	N/A
Sq. Footage:	4455.0
Price/Sqft:	$117.82
Property Tax:	new! $11,490
Price:	$524,900
Sale Type:	For Sale by Agent

Listing added: 2008-11-16

Additional features: Lot size: 2613.6, School district: , , ,

Fully operating commercial SRO Hotel w/ 14 single occupancy rooms, full bath on each floor, office on 1st. Buy to convert or maintain business as is. One of very few SRO licenses in the city, the building could easily be converted to badly-needed off-campus dormitory space to serve five area colleges and universities. Its location (Linclon Park) is such that downtown is a few blocks away: NJPAC, City Hall, the new Pru Stadium--as well as an ever-expanding renovation corridor right next door--improves the property's prospects. Many new multiple-family homes have upgraded the area; a super market and restaurants are a few blocks south.

To directly access this property, use this shortcut: http://www.fizber.com/8248787/

Provided By: http://www.jordanbaris.com
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