• Broker Brian Fairclough 9735809123

155-157 Spring St 2,965 SF 100% Leased Retail Building Newton, NJ 07860 $549,000 ($185.16/SF)

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EXECUTIVE SUMMARY

Fantastic masonry building on spring street. 2 Apartments and 1 Retail space. Retail space needs renovation and is not occupied. Both apartments are occupied on a month to month basis. All utilities are separately metered.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
2,965 SF
Building Class
B
Year Built/Renovated
1870/2020
Price
$549,000
Price Per SF
$185.16
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.65
Lot Size
0.10 AC
Zoning
C-2
Parking
5 Spaces (1.69 Spaces per 1,000 SF Leased)
Frontage
20’ on Spring St

TRAFFIC

COLLECTION STREET CROSS STREET TRAFFIC VOLUME YEAR Distance
Spring Street Adams St, SE 8,252 2025 0.02 mi
Spring Street - 8,267 2025 0.08 mi
Main Street PkPl, SW 11,167 2025 0.09 mi
Main Street Park Pl, SW 11,328 2020 0.09 mi
US Hwy 206 Spring St, S 24,328 2025 0.13 mi
Main Street - 12,293 2025 0.13 mi
Water Street - 22,496 2025 0.18 mi
Water Street Clinton St, NE 22,584 2025 0.24 mi
NJ 94;CR 519 Division St, SW 13,094 2024 0.26 mi
Newton Sparta Ave Spring St, N 10,088 2025 0.32 mi
Walk Score®
Very Walkable (86)

NEARBY MAJOR RETAILERS

U.S. Bank
PNC Bank
Starbucks
Weis Markets
ShopRite
Santander
Powerhouse Gym
Applebee's
Five Guys
Friendly's Ice Cream Shop

PROPERTY TAXES

Parcel Number 15-00008-04-00012 Improvements Assessment $277,700
Land Assessment $100,600 Total Assessment $378,300

MAP

ADDITIONAL PHOTOS

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