12
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$265,000
Est. payment /mo
4,000 SqFt
Under Contract
25 Jacob St Newark City, NJ 07103
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Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Under Contract
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $66
Subdivision West Ward
MLS Listing ID 4016006
Annual Tax Amount $13,976
Tax Year 2025
Lot Size 2,613 Sqft
Property Sub-Type Mixed Use
Property Description
Unlock the potential of this mixed-use building located in the West Ward of Newark. The property features approximately 2,000 sq ft of commercial space on the first floor with two restrooms, plus a second-floor residential unit offering 3 bedrooms, kitchen, living room, and one full bathroom. The building has previously operated as both a childcare center and a House of Worship, demonstrating its flexibility for a variety of commercial, community, or institutional uses.For investors and developers, the property offers significant value-add potential. Buyers may choose to maintain the mixed-use configuration or explore the possibility of converting the building into two residential units (buyer to verify with the City of Newark). The open commercial layout provides a blank canvas for redevelopment.Conveniently located near West Side Park, University Hospital, Rutgers New Jersey Medical School, and the South Orange Avenue commercial corridor, with nearby schools receiving A and B ratings on Niche.com. Close to transportation, parks, shopping, and major neighborhood institutions.Property is being sold strictly as-is and requires renovation, offering an excellent opportunity to reposition a well-located building in one of Newark's active investment areas.
Location
State NJ
County Essex
Zoning 4A
Rooms
Basement Full, Unfinished
Interior
Heating Gas-Natural
Cooling No Cool
Flooring See Remarks
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block, See Remarks, Vinyl Siding
Utilities Available Electric, Gas-Natural
Roof Type Flat
Building
Story 2
Sewer Public Sewer, See Remarks
Water Public Water, See Remarks
Others
Ownership Fee Simple
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