291 Spring St, Newton, NJ 07860
- Commercial real estate
- 0.25 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 291 Spring St
- Year built
- 1882
- Construction
- FRAME
- Lot size
- 0.25 lot acres
- Zone code
- T-3
- Property type
- Commercial real estate
- APN
- 15 00019- 01-00008
- APU
- 15000190100008
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Oct 28, 2025 | $150,000 | Brick City Enterprises LLC | The Gray Bam LLC | Deed | — |
| May 1, 2003 | $159,900 | Grey Barn Enterprises LLC | Iliff,terry T | Grant Deed | $160k · Newton Trust Co |
Description
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Newton
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.7476
- Latitude
- 41.0534
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
