8 Newton Ave, Sussex, NJ 07461-2312
- Commercial real estate
- 2,832 SF
- 0.04 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 8 Newton Ave
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.04 lot acres
- Zone code
- C-1
- Property type
- Commercial real estate
- APN
- 21 00701- 01-00007
- APU
- 21007010100007
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jun 16, 2025 | $405,000 | 8 Newton LLC | Scott Godfrey | Deed | $272k · Crosscountry Mortgage LLC |
| Apr 5, 2022 | $225,000 | Scott Godfrey | Joseph Morales | Deed | — |
| Jun 1, 2018 | — | Joseph Morales | Mrj Realty Corp | Grant Deed · related | — |
| Jul 15, 2008 | $237,500 | Mrj Realty Corp | Greg Feldman Ents LLC | Grant Deed | — |
| May 18, 2005 | $1 | Greg Feldman Ents LLC | Feldman,gregory | Quit Claim Deed · related | — |
| Feb 24, 2004 | $179,000 | Gregory Feldman | Gundersen,roger & Arlene | Grant Deed | — |
| — | — | Gregory M Feldman | — | Deed Of Trust · related | $135k · Lakeland Bank |
Description
This exceptional three-story mixed-use building in downtown Sussex, NJ, presents a compelling investment opportunity. The property boasts approximately 3,000 square feet on a 0.04-acre lot and features a ground-floor commercial storefront currently under lease, following recent renovations. The upper two floors each house a two-bedroom apartment, also recently renovated. The second-floor unit includes a living room, kitchen, and full bathroom, while the third-floor unit offers similar amenities with a new kitchen. Both apartments are heated electrically, while the commercial space utilizes oil heat. Public water and sewer services are available, with individual water meters for each unit, although the current owner covers these utilities. The building's prime location in a growing Sussex, NJ, offers easy access to major routes and shopping centers. This property offers a solid return on investment with significant potential for future growth, making it an attractive option for both seasoned and new investors seeking a blend of commercial and residential income streams. The existing lease on the commercial space provides immediate cash flow, while the well-maintained apartments ensure consistent rental income. This is a turnkey opportunity to acquire a profitable and well-located property in a thriving community.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Sussex
- County
- Sussex
- State
- New Jersey
- Longitude
- -74.6081
- Latitude
- 41.2097
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
