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33863729
33866655

244 South Street, Newark, NJ 07114

SO
NJ 1751574
New and Modern Group
Listed by New and Modern Group
$1,250,000
4 days on market
Updated 4 days ago
Opportunity zone

Store of Equipments and Supplies

Details
Property Type Business for Sale
Sub Type Business Only
Square Footage 1
NOI $667,000
Tenancy Single
Lease Term 2
Lease Expiration 01/31/2028
Rent Bumps No
Lease Options 5 or 10-year renewal options
Class B
Year Built 2005
Investment Type Owner/User
Lease Commencement 02/01/2026
Ground Lease No
Sale Condition N/A

Business for Sale | 1 SqFt

Marketing description

This is an opportunity to acquire an established equipment and supplies operation with 20 years of presence in the Ironbound-Newark area. The business combines three key points experienced buyers look for: operating history, meaningful cash flow, and tangible assets already included in the price.

The most important part of the analysis is not just the revenue. The value is in the combination of an existing customer base, lean operation, significant inventory, paid-off equipment, and a clear opportunity for growth with a buyer who is more active in sales, B2B relationships, and marketing.

The growth thesis is simple: the business appears to have been sustained by reputation, local operations, and an existing customer base. A more aggressive buyer on the sales side could turn a good operation into a more scalable one.

Investment highlights

  • Business with 20 years of operation, a local customer base, and a presence in a strong commercial area. This reduces the risk of starting from zero.
  • More than $400K in tangible assets are included. The buyer is not purchasing only a promise of future revenue.
  • The recent decrease in revenue creates room for growth through active sales, digital marketing, customer reactivation, and improved inventory turnover.
  • Small team, known operating costs, and a recently renewed lease with options that provide more predictability.

Listing Contacts

SO
NJ 1751574
New and Modern Group
Listed by New and Modern Group

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$667,000.00
$55,583.33/mo

Valuation Metrics

0
DSCR
53.36%
Cap Rate
53.36%
ROI

Map

Zoning

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MX-1 MixedMixed UseMixed Use One
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Last updated Jun 22, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Sandra Oliveira
License
1751574
Brokerage Phone
9084251875
Title
NJ
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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