291 Spring StNewton, NJ 07860

For Sale
$229,000

8,000 SF, 4 Bays, High Occupancy

Overview

Added:
Feb 3
Days on market:
39
This exceptional 8,000 square foot commercial building in Newton, NJ, presents a rare investment opportunity. Situated on a 0.25-acre lot, the property boasts a unique design featuring four individual garage bays and nine additional storage units, all currently leased. The building enjoys near-100% occupancy, with all tenants on month-to-month leases, providing immediate cash flow and flexibility. This stand-alone structure offers significant potential for future growth and income enhancement. The current configuration provides a diverse revenue stream from multiple tenants, minimizing reliance on any single lease. Detailed financial statements are available upon request for qualified buyers, allowing for a thorough due diligence process. The seller is open to considering owner financing options, making this an attractive proposition for investors seeking a strong return on investment. The property's location in Newton, NJ, offers easy access to major transportation routes and a thriving local market. This is an ideal opportunity for an investor seeking a stable, high-occupancy commercial property with significant upside potential. Don't miss this chance to acquire a well-established and profitable commercial asset.

Property Details for 291 Spring St

Property type
Other commercial real estate
Square Feet
8,000 SF
Year Built
1882
Lot Size (sq. ft)
10,890 SF

Location Insight

City
Newton
County
Sussex
State
New Jersey
Latitude
41.05355
Longitude
-74.74746
291 Spring St, Newton, New Jersey

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291 Spring St
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