$765,000
$750,000
2.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 07/17/2024
Key Details
Sold Price $765,000
Property Type Commercial
Sub Type Res/Com Mixed
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 24005333
Sold Date 07/17/24
Style Res/Com Mixed
Annual Tax Amount $9,463
Property Description
Discover the potential of this historic mansion located in the heart of Newark. Situated amidst a vibrant neighborhood undergoing significant redevelopment, this property is surrounded by other revitalization projects reshaping the area. Formerly approved for 15 residential units in 2019, this property offers a unique opportunity for redevelopment. Sold as is, with the buyer responsible for resolution renewal, this expansive estate presents endless possibilities. Notably, previous approvals did not include parking provisions. Ideal for investors seeking to capitalize on the evolving landscape, this property is strategically positioned near public transportation, Newark University, and downtown Newark. Embrace the chance to reimagine and revitalize this iconic landmark in a burgeoning urban environment.
Location
State NJ
County Essex
Area Newark
Exterior
Utilities Available O/See Rmrks
Roof Type O/See Rmrks
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