Chancellor Avenue

Newark, NJ 07112

$599,900
Price
Beds
Sq. Ft.
/ Sq. Ft.
Sq. Ft.
per Sq. Ft.

Description

Outstanding investment opportunity in the heart of Newark, NJ. This multi-functional 2,381 square-foot property, located at 282 Chancellor Ave, is for sale and it's an asset you don't want to miss. Featuring a unique blend of two commercial units and one residential rental unit, this property is ideal for both seasoned investors and new entrants looking to make a mark in the commercial real estate market. The commercial spaces are versatile, catering to an array of business needs - from retail outlets...Outstanding investment opportunity in the heart of Newark, NJ. This multi-functional 2,381 square-foot property, located at 282 Chancellor Ave, is for sale and it's an asset you don't want to miss. Featuring a unique blend of two commercial units and one residential rental unit, this property is ideal for both seasoned investors and new entrants looking to make a mark in the commercial real estate market. The commercial spaces are versatile, catering to an array of business needs - from retail outlets to professional offices or service businesses. In addition, the property includes residential rental unit, with potential to split into 2 units. Perfect for attracting long-term tenants or offering a unique live-work arrangement.
  1. Listed by Danielle Arena • C21/ Action Plus Realty
  2. Listed by Renata Zelvys • C21/ Action Plus Realty

Property Details for Chancellor Avenue

Complex/Subdivision
None
Directions
Chancelor Rd

Location

Listing Courtesy of C21/ Action Plus Realty, Danielle Arena; C21/ Action Plus Realty, Renata Zelvys
Add your commute
LISTING UPDATED: 07/27/2023 08:49 AM

Property Details for Chancellor Avenue

StatusActive
MLS #22319710
Days on Market282
Taxes$6,146 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeCommercial / Mixed Use
Year Built-
Lot Size0.09 AC / 3,920 SF
CountyEssex County

Location

Listing Courtesy of C21/ Action Plus Realty, Danielle Arena; C21/ Action Plus Realty, Renata Zelvys
Add your commute

Building Information for Chancellor Avenue

Stories2Residences-Year Built-Lot Size0.09 AC / 3,920 SF

Payment Calculator

$3,786 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,274

Property Taxes

$512

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for Chancellor Avenue

Summary
Location and General Information
  • Area/Section: Newark
  • Postal City: Newark
  • State: NJ
  • Municipality: Newark (NEW)
  • Block: 3726
Parking
  • Garage: No
  • Parking: On Street
  • # Car Garage: 0.0
Taxes and HOA Information
  • Tax ID#: 14-03726-0000-00001
  • Taxes: $6,146.00
  • Tax Year: 2022
Property
Lot Information
  • Acreage: 0.09
  • Lot: 1
  • Lot Dimensions: 37.9 x 106.1
Property and Assessments
  • Assessment - Total: 164500.0
  • Assessment - Improvements: 76500.0
  • Assessment Status: Assessed
  • Asmnt - Land: 88000.0
  • Possession: At Closing
  • Property Sub-Type: Mixed Use
Utilities
  • Water Heater: Natural Gas
  • Electric: Other - See Remarks
  • Gas: On Site
Interior and Exterior Features
Interior Features
  • # Levels: 2

Property History for Chancellor Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Schools near Chancellor Avenue

This home is within The Newark Public School District.
Rating
School
Type
Grades
Distance
Public - K to 8
Public - 6 to 12
Public - PK to 8
Public - PK to 8
Rating
School
Distance
Chancellor Avenue Elementary School
PublicK to 8

Eagle Academy for Young Men of Newark
Public6 to 12

George Washington Carver Elementary School
PublicPK to 8

Hawthorne Avenue Elementary School
PublicPK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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Chancellor Avenue is a mixed use property for sale in Newark, NJ 07112. This property was listed for sale on July 19, 2023 by C21/ Action Plus Realty, it's currently listed at $599,900. This listing's school district is The Newark Public School District. Nearby schools include Chancellor Avenue Elementary School, Eagle Academy for Young Men of Newark and George Washington Carver Elementary School. Chancellor Avenue is a 0-bed, 0-bath, mixed use property.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of C21/ Action Plus Realty, Danielle Arena; C21/ Action Plus Realty, Renata Zelvys

The data relating to the real estate for sale and sold listing information on this website comes from the New Jersey Multiple Listing Service, Inc. Virtual Office Website (VOW) program. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. Sold listings may have been listed and/or sold by a real estate brokerage other than (insert office name). All information deemed reliable but not guaranteed. NLMLS makes no representation or warranty regarding the accuracy of the data. This data and information is protected under federal copyright laws which prohibit the unauthorized copying or alternation of all or any part of copyrighted materials, including certain compilations of data and information. Copyright violators may be subject to severe fines and penalties under federal law. Source: New Jersey Multiple Listing Service Inc. Last date updated 04/27/2024 02:50 AM © 2024 New Jersey Multiple Listing Service Inc. All rights reserved.