650 Mount Prospect Ave | Newark City

$800,000 | 3 Baths (3 Half) | 3,000 Sq. Ft.

Attention Investors! Discover an exceptional opportunity to develop in the highly sought-after Forest Hill Section of Newark. This mixed-use property features two combined lots: Lot 17 measures 25 x 130 and 25 x 60, while Lot 18 offers 25 x 150. The site includes an existing building currently and two fully rented apartments, along with a dedicated parking lot. Owners enjoy the added benefits of the Mt. Prospect Partnership, which ensures private street cleaning and security services. The property is strategically located amidst doctor offices, law firms, retail shops, restaurants, a medical building, and a pharmacy, offering ample potential for growth and return on investment. Don't miss out on this prime opportunity! GSMLS 3952910

Directions to property: Between Elwood Ave to Heller Pkwy

MLS Listing ID: 
GSMLS 3952910
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
9999
Living Area: 
3,000
Basement: 
Unfinished
Construction
Construction Materials: 
Wood
Roof: 
Asphalt Shingle
Exterior: 
Vinyl Siding
Energy Information: 
Gas In Street
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
3
Total Half-Bathrooms: 
3
Utilities
Information about utilities available on the property.
Heating System: 
1 Unit, Radiators - Hot Water
Cooling System: 
No Cool
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.07
Lot Size (Dimensions): 
25X130
Waterfront: 
0
Lot Features
Driveway: 
1 Car Width
Parking Type: 
1 Car Width
Total Parking Spaces: 
12
Public Record
Parcel Number: 
1614-00737-0000-00018-0000-
Lot Number: 
18, 17
Annual Tax: 
$11,256.00
Property Zoning: 
BUS
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
3/25/2025
Contract Details
Details about the listing contract.
Inclusions: 
Building Only
Possession: 
30 days
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
RE/MAX PROFESSIONALS I