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A newly listed commercial building with large outdoor space in downtown Newark offers investors an opportunity to gain footing in Newark’s most sought-after neighborhood.
Located in Halsey Village, blocks from Newark Museum, NJPAC, and the Prudential Center, 45 Halsey Street consists of a duplex commercial unit with large outdoor space and two residential spaces above. Currently, the residential units are fully leased while the commercial space is vacant.
The commercial space spans 788 square feet on the ground level with a slightly larger 833-square-foot basement level. A large back patio space is attached to the commercial unit. Most recently used as a hair studio, the commercial space could be configured for a variety of uses.
The second floor consists of a one-bedroom apartment, and above that is a large studio apartment. Apartments feature exposed brick walls, wide-plank pine flooring, marble fireplaces, as well as newer kitchens and bathrooms.
Ideally located on Halsey Street, across the street from the iconic Hahne & Co building, the property is positioned in an in-demand retail area that sees significant foot traffic.
Within a two-block radius are many national chains including Whole Foods, The Halal Guys, and Qdoba. The site is also one block from Rutgers University’s Newark Campus as well as the Prudential Tower.
45 Halsey Street is asking $1,100,000 and is listed by Tara Robertson of Option 1 Realty Group. For more information, contact Tara at 973-780-7379 or [email protected].