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$1,400,000
Est. payment /mo
7,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $200
MLS Listing ID 4053997
Year Built 1970
Annual Tax Amount $22,214
Tax Year 2025
Lot Size 0.610 Acres
Property Description
Exceptional commercial property located in the heart of booming downtown Newton, within the desirable T5 zoning district. Situated on over half an acre, the property offers a large, 37 space dedicated parking lot - one of the largest in the town of Newton and excellent potential for future apartment or mixed-use development, subject to zoning and municipal approvals.The meticulously maintained, turnkey building is currently utilized as office space with an active lease/sublease, providing an opportunity to generate income while exploring its long-term development potential. The property has been thoughtfully maintained and is ready for immediate continued use.Located within walking distance of downtown Newton, this property offers convenient access to local shops, restaurants, services, and community amenities.Whether you are looking to redevelop, expand, or hold as an income-producing investment, this property offers numerous possibilities in a growing and highly desirable location.
Location
State NJ
County Sussex
Zoning T5
Rooms
Basement Finished, Storage
Interior
Heating Gas-Natural
Cooling 2 Units, Central Air
Equipment Appliances, Handicapped Access, Kitchen Area, Sign - Freestanding
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Utilities Available All Underground
Roof Type Metal
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by COLDWELL BANKER REALTY
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