347 Sanford Avenue

Located in the thriving heart of Newark, this prime retail opportunity is surrounded by a dynamic blend of amenities and attractions, making it an ideal investment for retail entrepreneurs. The area boasts proximity to iconic landmarks such as the New Jersey Performing Arts Center, Newark Museum, and the Prudential Center, offering a vibrant cultural tapestry for visitors and locals alike. With a diverse range of dining, shopping, and entertainment options, the area presents an alluring backdrop for retail businesses seeking to captivate a bustling and diverse customer base. Renowned for its rich history and dynamic commercial landscape, Newark provides an inspiring environment for retail investment at this coveted location.347 Sanford Avenue is a fully occupied, income-producing retail property in Newark, NJ, offering an attractive opportunity for investors. The single-story, multi-tenant building spans 2,495 square feet and houses three units: two retail storefronts and one restaurant, all occupied by great, reliable tenants. Originally built in 1917 and renovated approximately five years ago, the property combines classic character with modern updates. With gross annual rental income of $63,600 and a net operating income of $57,600 (the owner is responsible only for insurance), this stabilized asset delivers strong, dependable cash flow.