291 Spring St Newton, NJ 07860

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

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.