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    955 Frelinghuysen Ave Newark, NJ 07114

    Sponsored
    For Sale
    $1,500,000

    Liquor Store & Building - $1.5M

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Prime Newark, NJ commercial land opportunity encompassing a thriving liquor store and its building, available for $1,500,000. This exceptional offering includes all fixtures, coolers, and a valuable liquor license. The inventory is sold separately. Situated on a busy street with high visibility and surrounded by residential properties, this location ensures consistent customer traffic. The 0.08-square-foot lot presents a unique chance to own a profitable business and its real estate. The property benefits from its location within an Opportunity Zone, allowing for potential tax advantages. Interested parties must sign a Non-Disclosure Agreement and schedule an appointment before viewing the premises. Detailed financial information and due diligence are encouraged. This is a turnkey operation ready for immediate ownership and continued success. The single-story building is ideally suited for continued operation as a liquor store, or for redevelopment based on the buyer's vision. The property's strategic location in Newark, NJ, within Essex County, at 955 Frelinghuysen Avenue #957, zip code 07114, offers significant potential for growth and return on investment. Serious inquiries only.

    Property Features for 955 Frelinghuysen Ave

    General Information

    Property type
    Land

    Building Details

    Stories
    1

    HighLights

    • $1,500,000 asking price.
    • Commercial land offering.
    • 0.08‑acre lot size.
    • Includes existing liquor store business, fixtures, coolers, and liquor license.
    • High visibility location on a busy street in a residential area.
    • Located in an Opportunity Zone.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2036527
    Latitude
    40.6893895

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    FAQs

    What type of property is this?
    Land - Liquor Store & Building - $1.5M
    Where is this land located?
    The property is located at 955 Frelinghuysen Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: $1,500,000 asking price.; Commercial land offering.; 0.08-acre lot size.
    Request Owner's contact information
    955 Frelinghuysen Ave Newark, NJ 07114
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    Newark, NJ 07114
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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
    955 Frelinghuysen Ave Newark, NJ 07114
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