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Property profile

106 Sparta Ave Newton, NJ 07860

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 1,050 square foot retail space is ideally situated in a five-unit strip mall on Sparta Avenue in Newton, New Jersey. Boasting a prime corner location, this single-tenant unit benefits from high visibility and significant foot traffic. The property is part of a thriving commercial center anchored by a Quick Check, Krave Restaurant, laundromat, and a community college, ensuring a consistent flow of potential customers. Ample parking is available with over 60 spaces for patrons and employees. The unit features convenient central air conditioning and forced hot air heating, providing year-round comfort. The zoning is commercial, making it suitable for a variety of uses, including salons, restaurants, or office spaces. The building is a single-story structure, easily accessible from Sparta Avenue. Located in Sussex County, New Jersey, with a zip code of 07860, this property presents a fantastic opportunity for businesses seeking a high-traffic location with excellent visibility and ample parking. The address is 106 Sparta Ave, Newton, NJ.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

106 Sparta Ave Newton, NJ 07860
Newton metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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