Listing Courtesy of: 347-292-8750 - CARLOS BELTRAN - COMPASS NEW JERSEY LLC 551-212-3870
$600,000 affordable loan icon Calculate Payment

48 ELM RD Unit 1 Newark, NJ 07105

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General Commercial Residence
Beds
1 Baths
Sq. Ft.
0.07 Acre Lot
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Last updated on 1/5/2025 5:00 PM

Listing Details

This freestanding single-story commercial building with a basement offers a rare opportunity for business owners to purchase a property and start operating immediately in the highly desirable Ironbound section of Newark, NJ. Ideal for office use, the property allows you to run your business now whil...e benefiting from future development potential.Included in the sale are city-approved plans to transform the property into a modern boutique three-family residential building, giving you the flexibility to maintain office operations or transition to a three-family rental building as the area continues to appreciate. Additionally, with city approval, you can convert the property into a mixed-use building, operating your business in one unit while renting out the remaining two units. The possibilities are endless, offering a perfect blend of immediate business use and long-term investment potential.This versatile property allows you to start generating cash flow now while setting the stage for future growth and development. With easy access to Newark Penn Station and Downtown Newark, this location is prime for expansion and opportunity. Continue reading
MLS#
3925793
Property Type
General Commercial
Bathrooms
Lot Size
0.07
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Listing Courtesy of: 347-292-8750 - CARLOS BELTRAN - COMPASS NEW JERSEY LLC 551-212-3870
Andrea Conner, License 1758875, Xome Inc., License 2326449, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067


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This content last refreshed on 1/5/2025 5:00 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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