584-594 Springfield Ave | Newark, NJ 07103
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- LoopNet Team
584-594 Springfield Ave
Newark, NJ 07103
NN Leased BP Gas Station · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Sealed Bid Auction - Bid Deadline: March 24, 2020
- Current NOI: $66,414
- No Minimum Bid!
- 7% Rent Escalation Next Renewal
PROPERTY FACTS
Property Type
Retail
Property Subtype
Service Station
Building Size
800 SF
Building Class
B
Year Built
1997
Tenancy
Single
Building Height
1 Story
Building FAR
0.04
Lot Size
0.47 AC
Zoning
RDV-SD
Parking
5 Spaces (6.25 Spaces per 1,000 SF Leased)
Frontage
102’ on Springfield Ave
ABOUT 584-594 SPRINGFIELD AVE , NEWARK, NJ 07103
BP gas station and convenience store being sold subject to a NN lease. Tenant is an eight store operator with a personal guarantee. He has operating store since 2011 and has invested in the property. 5% Buyer's Premium payable at closing. NRC Realty Advisors of New Jersey, LLC, license #0897521
PROPERTY TAXES
| Parcel Number | 14-00361-0000-00021 | Improvements Assessment | $168,000 |
| Land Assessment | $334,400 | Total Assessment | $502,400 |
PROPERTY TAXES
Parcel Number
14-00361-0000-00021
Land Assessment
$334,400
Improvements Assessment
$168,000
Total Assessment
$502,400
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