895-897 Broad St Newark City, NJ 07102
Other Residential
MLS #: 3943058
Courtesy Of Real Broker LLC
Property InformationDescription
LOCATION, LOCATION, LOCATION!Located directly across from Newark Town Hall, this rare investment opportunity is ideal for builders and investors looking to capitalize on one of the most desirable commercial streets in the city. The property is currently home to a Crown Fried Chicken (owned by the seller) and a nail salon, which generates $4,000 per month in rental income. However, the property can be delivered fully vacant, providing maximum flexibility for the buyer to reimagine its use. Per the seller's claims (buyer to conduct their own due diligence), the zoning allows for the construction of up to four floors plus a ground floor, which could accommodate 12 residential units and two commercial spaces. The true value lies in the property's prime location and development potential, making it a perfect addition to any investor's or developer's portfolio. Don't miss this opportunity to secure a high-visibility property in Newark's thriving urban landscape schedule your showing today!
Features
- Architecture Style: Other
- Lot Size: 0.11 Acres
MAP & DIRECTIONS
School Information
895-897 Broad St, Newark City, NJ 07102
Elementary School
Grades PK-8 |
Public School
QUITMAN STREET COMMUNITY SCHOOL
Newark, NJ 07103
21 Quitman St
973.733.6947
Distance: 0.6 mi
School Rating
F
Student:Teacher Ratio
10:1
Total Students
546
Middle School
Grades PK-8 |
Public School
QUITMAN STREET COMMUNITY SCHOOL
Newark, NJ 07103
21 Quitman St
973.733.6947
Distance: 0.6 mi
School Rating
F
Student:Teacher Ratio
10:1
Total Students
546
High School
Grades 9-12 |
Public School
BARRINGER HIGH SCHOOL
Newark, NJ 07104
90 Parker St
973.268.5125
Distance: 1.6 mi
School Rating
F
Student:Teacher Ratio
14:1
Total Students
1600
High School
Grades 9-12 |
Public School
CENTRAL HIGH SCHOOL
Newark, NJ 07108
250 18th Ave
973.733.6378
Distance: 1.0 mi
School Rating
F
Student:Teacher Ratio
10:1
Total Students
729
High School
Grades 9-12 |
Public School
EAST SIDE HIGH SCHOOL
Newark, NJ 07105
238 Van Buren St
973.465.4900
Distance: 1.0 mi
School Rating
D-
Student:Teacher Ratio
14:1
Total Students
2024
High School
Grades 9-12 |
Public School
MALCOM X SHABAZZ HIGH SCHOOL
Newark, NJ 07108
80 Johnson Ave
973.733.6974
Distance: 1.4 mi
School Rating
D
Student:Teacher Ratio
10:1
Total Students
360
High School
Grades 9-12 |
Public School
NEWARK BRIDGES HIGH SCHOOL
Newark, NJ 07103
Distance: 0.8 mi
High School
Grades 9-12 |
Public School
TECHNOLOGY HIGH SCHOOL
Newark, NJ 07104
223 Broadway
973.481.5962
Distance: 1.7 mi
School Rating
A
Student:Teacher Ratio
13:1
Total Students
685
High School
Grades 9-12 |
Public School
WEEQUAHIC HIGH SCHOOL
Newark, NJ 07112
279 Chancellor Ave
973.705.3923
Distance: 2.9 mi
School Rating
F
Student:Teacher Ratio
10:1
Total Students
385
High School
Grades 9-12 |
Public School
WEST SIDE HIGH SCHOOL
Newark, NJ 07103
403 S Orange Ave
973.733.7019
Distance: 1.7 mi
School Rating
F
Student:Teacher Ratio
14:1
Total Students
620
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Great Oaks Legacy Charter School | 0.0 mi | Public | PK-12 | C- |
| Discovery Charter School | 0.1 mi | Public | 4-8 | B- |
| The Gray Charter School | 0.3 mi | Public | KG-8 | A |
| Marion P. Thomas Charter School | 0.3 mi | Public | PK-12 | D+ |
| Newark Educators Community Charter School | 0.3 mi | Public | PK-4 | C |
| Newark Boys Chorus School | 0.3 mi | Private | 4-8 | |
| Arts High School | 0.3 mi | Public | 9-12 | D |
| Alif Muhammad Wia School | 0.4 mi | Private | 8-12 | |
| Oliver Street Elementary School | 0.5 mi | Public | PK-8 | B- |
| East Ward Elementary School | 0.6 mi | Public | PK-3 | F |
| Lafayette Street Elementary School | 0.6 mi | Public | PK-8 | B |
| Early Childhood School - Central | 0.6 mi | Public | PK | |
| South Street Elementary School | 0.6 mi | Public | PK-8 | C- |
| American History High School | 0.6 mi | Public | 9-12 | F |
| Link Community Charter School | 0.6 mi | Public | 5-8 | B- |
| Essex County Newark Tech | 0.7 mi | Public | 9-12 | C |
| North Star Academy Charter School | 0.7 mi | Public | KG-12 | B |
| Newton Street Elementary School | 0.8 mi | Public | PK-8 |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Newark, NJ 07102
| Median Age: | 35.1 |
|---|---|
| Married: | 22% |
| Number of Households: | 6,391 |
| Households with Children: | 19.1% |
Newark, NJ 07102
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
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