Property summary
A renovated office building located on historic Newton Square, with three floors totaling approximately 4,096 square feet, set on a 0.1-acre lot. The building contains four office suites with flexible configuration, private entrances, and visibility along Newton Square within the T-6 zoning district. The lower level includes one suite with three private offices, a bathroom, and a utility room. The street level includes four large offices, a kitchenette, and two bathrooms, and it can operate as one larger suite or be divided into two suites with separate private entrances. The upper level includes two large offices, a full bathroom, and a private entrance. The property is served by four separate electric meters, supporting multi-tenant use, and it is situated near the courthouse and the downtown business district with access to major routes 94 and 206.
Property profile
VerifiedCap rate & NOI
Current use
-
(Bike/Boat/Book/etc) Store Corporate Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
T-6 - Town Core. The T-6 Transect is a higher density, mixed and multiple use downtown area. This area provides for the majority of retail and commercial uses within the Town and should be identified as the Central Busin…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2022Property description
Physical attributes from public recordsZoning & alternative use
T-6 · Newton, NJT-6 - Town Core. The T-6 Transect is a higher density, mixed and multiple use downtown area. This area provides for the majority of retail and commercial uses within the Town and should be identified as the Central Busin…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
T-6 - Town Core. The T-6 Transect is a higher density, mixed and multiple use downtown area. This area provides for the majority of retail and commercial uses within the Town and should be identified as the Central Busin…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for T-6 in Newton, NJ.
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