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Property profile & analytics
OFF-MARKET
Commercial real estate

291 Spg St Newton, NJ 07860-2118

0.25 ac lot Built 1882
Entity Owned Absentee Owner Free & Clear
Property ID
US59-3046879
Property summary
AI-generated overview

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 profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1882
Construction FRAME
Lot 0.25 ac (10,759 SF)
Zoning code T-3
APN 15 00019- 01-00008
UPID US59-3046879
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Brick City Enterprises LLC
Brick City Enterprises LLC
since 2025
Last sale
$150,000
2 recorded transactions
2025
$150,000
2003
$159,900
Zoning & alternative use
T-3 · Newton, NJ
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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