About 391-393 Hawthorne Avenue
Newark is full of opportunity and 391 to 393 Hawthorne Ave has become your oyster. The original building of Bragman's is up to date where all you have to do is buy and start collecting rents! If all three units are rented, can easily make $7,000/month. Sorry, THE BUSINESS IS NOT FOR SALE ONLY THE PROPERTY ITSELF! STATS AS FOLLOWS: - Two of three units are rented out for the next five years on a NNN w/right of renewal after five years - Each unit pays their own utilities and meters are seperated. Water is divided by the three units - Roof done in 2021 - Newer hot water heaters - Each unit (1,500sqft) has its own basement for an additional 1,000sqft storage space - Unit 1: is occupied by a community grocery store - Unit 2: originally occupied Brragman's Deli (has a walk in cooler, stove, and other equipment may be available) - Unit 3: occupied - Owner of building has an option to expand w/first right of refusal on buildings next to Brragman's (389 & 395)
Features of 391-393 Hawthorne Avenue
| MLS® # | 24037649 |
|---|---|
| Price | $900,000 |
| Type | Commercial Sale/Lease |
| Style | FREE STD |
| Status | ACTIVE |
Community Information
| Address | 391-393 Hawthorne Avenue |
|---|---|
| City | Newark |
| County | ESSEX |
| State | NJ |
| Zip Code | 07112 |
Amenities
| Utilities | SEP ELEC, SEP GAS, SEP HEAT |
|---|---|
| Is Waterfront | Yes |
| Waterfront | NONE |
Interior
| Heating | GAS, HOT WATER |
|---|
Additional Information
| Date Listed | November 27th, 2024 |
|---|---|
| Foreclosure | No |
| RE / Bank Owned | Yes |
Listing Details
| Agent | Carolina Campbell |
|---|---|
| Office | Real |