144 Spring St Newton, NJ ^$ 2,700,000

144 Spring St

^$ 2,700,000

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144 Spring St

Newton, NJ, 07860

^$ 2,700,000

Bedrooms-- Baths-- Sq 14,176

Monthly Estimate*

^$ 16,171

144 Spring St, Newton, NJ 07860 - Image 1

Commercial Property for sale in Newton, NJ

for $2,700,000 with 18 half baths. This 14,176 square foot building was built in 1880 on a lot size of 0.13.

Very High Cash Flow Mixed Use 40 Room Hotel with very strong rental history and occupancy waiting list. This property also has a full sevice resturaunt and liq lic currently leased. The building has just been renovated and is centrally located on "fast redeloping" Spring Street in Newton NJ. Asking price is based on income and reasonably negotiable depending on terms and conditions.

Commercial Active

Price

^$ 2,700,000

Half Bath

Property Type

Commercial

Taxes

^$ 37,736

Style

Hotel/Motel

Lot Size

0.13

Year Built

1880

Town/City

Newton

County/Region

Sussex

MLS | Web ID

3910689

Features

General

Sewer Public Sewer

Construction Brick/Block Wood

Heating See Remarks

Cooling See Remarks

Utilities Electric Gas-Natural

Possession closing

Roof Asphalt Shingle Flat

Zoning T-6

Year Built 1880

Township Newton Town

Property Type Hotel/Motel Office/Apartments Restaurant/Bar Hotel/Motel

Tax Year 2023

Percent Ownership Fee Simple

Location Business District See Remarks

County Sussex

Status Active

Directions 144 Spring Street Newton NJ

NumberOfUnitsTotal 40

Tax Annual Amount 37736

Drive Assigned Blacktop Parking Lot-Shared See Remarks

Leasable Area 400

Days on Market 69

Standard Status Active

Tax Assessed Value 1434300

Town # 2817

Tax Lot 24

Farm Assessment No

Interior

Basement Full Storage

Fuel Type Gas-Natural

Total Stories 4

Half Baths 18

Exterior

Water Source Public Water

Exterior Description Vinyl Siding

Building Area Total 14176

Lot Dimensions 00000.126 AC.

Lot Size Acres 0.13

* Excluded Features

List By

KEVIN COLMAN

Listing Agent

Bhhs Gross And Jansen Realtors

Broker

kevincolman323i@gmail.com

Affordability Calculator

$19,315

Per Month

Monthly Principal & Interest: $16,171
Monthly Property Taxes: $3,145
Monthly Home Insurance: --

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Loan Term

Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Newton, NJ

Average List Price ^$268,303

Percent of Sale Price 90%

About Newton, NJ

8,069 Population

-3% Since 2002

^$54,413 Median Income

42.2 Median Age

23% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

291163 Elementary School

291353 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
6/29/2024	$2,700,000		Listed Price

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144 Spring St, Newton, NJ, 07860 is a Commercial Property for sale at $2,700,000 with 14,176 sqft and a lot size of 0.13. 144 Spring St was built in 1880. The property's zip code is 07860 which is in Newton, NJ

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.

Information deemed reliable but not guaranteed.

Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.

This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing.

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144 Spring St

Commercial Property for sale in Newton, NJ

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