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294 Park Ave #0, Newark, NJ, 07107

--beds
0baths
2,139sqft
$650,000
$304price/sqft
$5,139/moest. monthly cost
$205,560/yrincome needed

About This Home

Prime Mixed-Use Opportunity on Busy Park Avenue Corridor. Don't miss this exceptional opportunity to own a versatile mixed-use property suited for both investors and owner-operators looking to start or expand their business. Strategically located on a high-traffic corridor near the Park Avenue Light Rail Station and just moments from Branch Brook Park, this property offers outstanding visibility and accessibility. The first floor features a fully equipped BBQ restaurant, ready for immediate operation, along with a basement that provides additional storage and utility space. The second floor offers a well-maintained three-bedroom apartment in excellent condition, featuring hardwood floors and HVAC, making it ideal for owner-occupancy or rental income. Perfect for generating multiple income streams while building long-term value in a thriving location

Getting Around

80
WalkingVery Walkable
71
TransitExcellent Transit
52
BikeBikeable

Schools

1/10
Barringer High SchoolGrades 9-120.6 mi
8/10
Technology High SchoolGrades 9-121.0 mi

Construction

Condition

  • Year built: 2001

Materials

  • Roof: Flat
  • Construction materials: Brick/Block,Vinyl Siding

Notable Dates

  • Major remodel year: 2001

Type & Style

  • Home type: Apartment
  • Property subType: Apartment

Interior

Basement

  • Has basement: Yes
  • Basement: Yes,Full,Walk-Out Access

Features

  • Door features: Max Door Height: 0
  • Flooring: Tile,Wood

Heating & Cooling

  • Heating features: 2 Units,Forced Air,Electric,Natural Gas
  • Cooling features: 2 Units,Central Air

Interior Area

  • Total structure area: 2,139
  • Total interior livable area: 2,139 sqft

Property

Details

  • Parcel number: 1614019290000000810000
  • Attached to another structure: Yes
  • Zoning description: 4A
  • Other equipment: Appliances

Features

  • Stories: 2

Lot

  • Lot size: 2,178 sqft
  • Features: Level,Residential Area
  • Lot size dimensions: 20.3 x 105.3

Parking

  • Parking features: On-Street Parking
  • Has uncovered spaces: Yes