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    57 Broadway Newark, NJ 07104

    For Sale
    $525,000

    Commercial property in a high-traffic area, ideal for investors.

    Property size:
    6,080 SF
    Lot size:
    0.07 Acres

    Property Features for 57 Broadway

    General Information

    Standard status
    Active
    Size
    6,080 SF
    Lot size
    0.07 Acres

    Building Details

    Year built
    1920

    Source: COLDWELL BANKER REALTY Agent LUIS DAVILA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Commercial Property in Newark

    Located in Newark's bustling business district, this commercial property at 57 Broadway presents an investment opportunity. Situated on a lot exceeding 3,000 square feet, the property offers visibility and accessibility. Its location in a high-traffic area, with proximity to major highways and public transportation, provides a strategic advantage. The property contains 6,080 square feet of space. The property resides in a low-risk flood zone. Please note that the property is being sold "AS-IS." The buyer is responsible for Certificate of Occupancy and Fire compliance. No repairs or credits will be provided. Inspections are for informational purposes only.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dental Image Dentist North End Family ... Family Practice Physician Dr. Sandrene Miller, ... Pediatrician Broadway Health Pharmacy Pharmacy Frank J. Ricca, ... Pharmacy

    Suggested Use

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

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

    Similar Places Nearby

    Kearny Flower, Jely's multiservices, Floristeria Jely's Multiservice & Flowers llc, Magnolia Florist, Couture Gardens

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1704909
    Latitude
    40.7521023

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    FAQs

    What type of property is this?
    Storefront property - Commercial property in a high-traffic area, ideal for investors.
    Where is this storefront property located?
    The property is located at 57 Broadway Newark, NJ.
    What is the asking price?
    The asking price for this property is $525,000.
    What are key features of this property?
    This property features: - Prime commercial property in a thriving Newark business district.; - High-traffic location with exceptional visibility and accessibility.; - Proximity to major highways and public transportation.
    (973) 778-4500
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    57 Broadway Newark, NJ 07104
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    Newark, NJ 07104
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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
    57 Broadway Newark, NJ 07104
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