Unlock the potential of this mixed-use building located in the West Ward of Newark. The property features approximately 2,000 sq ft of commercial space on the first floor with two restrooms, plus a second-floor residential unit offering 3 bedrooms, kitchen, living room, and one full bathroom. The building has previously operated as both a childcare center and a House of Worship, demonstrating its flexibility for a variety of commercial, community, or institutional uses.For investors and developers, the property offers significant value-add potential. Buyers may choose to maintain the mixed-use configuration or explore the possibility of converting the building into two residential units (buyer to verify with the City of Newark). The open commercial layout provides a blank canvas for redevelopment.Conveniently located near West Side Park, University Hospital, Rutgers New Jersey Medical School, and the South Orange Avenue commercial corridor, with nearby schools receiving A and B ratings on Niche.com. Close to transportation, parks, shopping, and major neighborhood institutions.Property is being sold strictly as-is and requires renovation, offering an excellent opportunity to reposition a well-located building in one of Newark's active investment areas.
25 Jacob St, Newark City NJ 07103-2028
Property City
Newark City
Property Price
$265,000
Year Built
9999
Tax Annual Amount
$13976
TaxYear (*text)
2025
Roof (*text)
Flat
Floors No
See Remarks
Lot Size Area
0.06
MLS Status
Active
MLS #
4016006
Yearly Tax Rate
3.999
Year Built (*numeric)
9999
Basement
Yes
Roofing (*text)
Flat
Days On Market
1
Basement (*text)
Yes
Cooling (*text)
No Cool
GarageSpaces
0
Heating
2 Units, Radiators - Steam
Lot Size Dimensions
25X100
Data import from
GSMLS