976 Bergen St Newark, NJ 07112
- Commercial real estate
- 10,105 SF
Current Use by Public Records
- Family Dollar / Toy Store / Dollar Store
Property Details for 976 Bergen St
- Year built
- 1950
- Property size
- 10,105 SF
- Property type
- Commercial real estate
Description
This exceptional mixed-use property at 976 Bergen St, Newark, NJ, presents a compelling investment opportunity. The 10,105 square foot building, constructed in 1950 and renovated in 2010, sits on a sizable 18,099 square foot lot. Boasting a prominent block-through corner location, the property offers significant frontage along Bergen Street (200 ft), Scheerer Avenue (90 ft), and Shepard Avenue (90 ft), providing excellent visibility. The property includes 18 parking spaces. This prime location on the Bergen Street retail corridor sees high traffic volume, with 8,500 vehicles daily. Its proximity to public transportation (across from a bus stop) and key amenities like Weequahic Park and Newark Beth Israel Medical Center enhances its appeal. The City of Newark's recent rezoning allows for mixed-use developments with high-density residential components, unlocking significant redevelopment potential. The property is currently vacant, offering flexibility for future tenants or redevelopment projects. Auction date is December 12th, 2024. Asking price: $2,350,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.2060555
- Latitude
- 40.7102479
