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    291 Spring St Newton, NJ 07860

    Sponsored
    For Sale
    $229,000

    8,000 SF, 4 Bays, High Occupancy

    Property size:
    8,000 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    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 Features for 291 Spring St

    General Information

    Property type
    Other commercial real estate
    Square Feet
    8,000 SF
    Lot Size
    10,890 SF

    Building Details

    Year Built
    1882
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newton
    County
    Sussex
    State
    New Jersey
    Longitude
    -74.74746
    Latitude
    41.05355

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    FAQs

    What type of property is this?
    Commercial real estate - 8,000 SF, 4 Bays, High Occupancy
    Where is this commercial real estate located?
    The property is located at 291 Spring St Newton, NJ.
    What is the asking price?
    The asking price for this property is $229,000.
    (973) 764-5555
    Request Owner's contact information
    291 Spring St Newton, NJ 07860
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    Newton, NJ 07860
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    291 Spring St Newton, NJ 07860
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