566 Hawthorne Ave, Newark City NJ 07112-1127

$1,200,000
Active
Newark City

About this home

Excellent Mixed-Use Commercial and Residential Investment Opportunity!This impressive 5000-square-foot property features a fully equipped retail business, three renovated apartments, and an income-producing parking lot.The first floor includes a renovated one-bedroom apartment with a living room, dining room, kitchen, and full bathroom. It also features an approximately 2,880-square-foot grocery/retail space, currently operating as ?Stack N Smack.? The commercial space includes new shelving, exterior signage, a three-door refrigerator, custom counter, deli sandwich station, refrigerated prep tables, Toast POS self-ordering kiosk, security cameras, ADT security system, and LED smoke-shop displays. The second floor offers two renovated apartments. Each unit features two bedrooms, a living room, dining room, kitchen, and full bathroom. The side parking lot generates approximately $2,000 per month from truck parking. A unique opportunity for investors seeking multiple income streams from commercial, residential, parking, and development components.

Taxes & fees

Annual property tax
$5,910
Tax year
2025
Tax rate
3.999

Property details

Year Built
9999
Roof (*text)
Asphalt Shingle
Floors No
Tile, Wood
Lot Size Area
0.11
MLS #
4053066

Features & amenities

Year Built (*numeric)
9999
Basement
Yes
Roofing (*text)
Asphalt Shingle
Days on market
0
Basement (*text)
Yes
Cooling (*text)
1 Unit, Central Air
Garage spaces
110
Heating
4+ Units
Lot dimensions
46X100
Property Location

40.72084, -74.21735

Geo Lat Long Proximity (field_pro_lat_long)
Units: Miles
Origin Coordinates
Value in decimal degrees. Use dot (.) as decimal separator.
Listing source
GSMLS
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