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170-172 Spring St 6,300 SF Office Building Newton, NJ 07860 $735,000 ($116.67/SF)
Investment Highlights
- Mixed Use Opportunity
- Public Parking available.
- Located in the heart of Newton's Business District.
Executive Summary
Rare mixed-use investment opportunity in the heart of Newton's thriving business district. This fully upgraded 6,300+ sq ft building offers a clear path to value with commercial use on the first floor and residential conversion potential on the second and third floors. With over $1M in capital improvements completed, the heavy lifting is done allowing investors, developers, or owner users to focus on repositioning and income potential. The third floor already includes a full kitchen, full bath, and large flex space, ideal for a one-bedroom unit or owner's suite. The second floor features an open layout, two bathrooms, utility/storage areas, and a separate rear entrance, supporting potential for multiple residential units. The first floor remains commercial and includes a reception area, secure vestibule with two-door man trap, half bath, and side loading access, well suited for medical, professional office, retail, or restaurant use. Currently outfitted as a secure data center with cooling, fiber/data infrastructure, fire suppression, and advanced security. The basement provides additional storage and utility space. Walkable downtown location with direct access to municipal parking plus shops and restaurants. Close proximity to Starbucks, Chipotle, Five Guys, grocery, and major retailers including Walmart.
Property Facts
Sale Type
Owner User
Property Type
Office
Property Subtype
Building Size
6,300 SF
Building Class
B
Year Built
1890
Price
$735,000
Price Per SF
$116.67
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,100 SF
Building FAR
2.07
Lot Size
0.07 AC
Zoning
T-6 - Available upon request
Amenities
- 24 Hour Access
- Controlled Access
- Security System
- Basement
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Moderately walkable
70/100
Moderately drivable
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 15-00008-08-00028 | Improvements Assessment | $825,600 |
| Land Assessment | $89,600 | Total Assessment | $915,200 |
Property Taxes
Parcel Number
15-00008-08-00028
Land Assessment
$89,600
Improvements Assessment
$825,600
Total Assessment
$915,200
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Contact the Sale Advisor
170-172 Spring St