Newark, NJ 07102,698-700 Dr Martin Luther Kng BLVD
Listed by Andres Ospina Keller Williams Park Views
Bought with Andres Ospina Keller Williams Park Views

$765,000

Est. payment /mo

$750,000

2.0%
Est.Price: ?

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698-700 Dr Martin Luther Kng BLVD Newark, NJ 07102

SOLD DATE : 07/16/2024

Key Details

Sold Price $765,000

Property Type Multi-Family

Sub Type Res/Com Mixed

Listing Status Sold

Purchase Type For Sale

MLS Listing ID 24005333

Sold Date 07/16/24

Style Res/Com Mixed

Property Sub-Type Res/Com Mixed

Property Description

Discover the potential of this historic mansion located in the heart of Newark. Situated amidst a vibrant neighborhood undergoing significant redevelopment, this property is surrounded by other revitalization projects reshaping the area. Formerly approved for 15 residential units in 2019, this property offers a unique opportunity for redevelopment. Sold as is, with the buyer responsible for resolution renewal, this expansive estate presents endless possibilities. Notably, previous approvals did not include parking provisions. Ideal for investors seeking to capitalize on the evolving landscape, this property is strategically positioned near public transportation, Newark University, and downtown Newark. Embrace the chance to reimagine and revitalize this iconic landmark in a burgeoning urban environment.

Location

State NJ

County Essex

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New Jersey MLS (NJMLS)
Michael Kehoe

Michael Kehoe

Agent | License ID: 2184298

+1(201) 299-4999

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