976 Bergen St Newark, NJ 07112

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.