Income Producing / Redevelopment Opportunity

Description

The property consists of two tax lots aggregating 1.8± acres. There are 3 income-producing structures on the property: (i) a 8,748±sf single story commercial building, currently being operated as an auto body shop; (ii) a 3 unit small multi-family house with a large fenced-in vacant area, currently used for parking; and (iii) a 2 unit multi-family house.  The property is part of the Redevelopment Plan for Area 2 Township of Maplewood. (See Documents Section for further details.)
 
 
The Property is located along Burnett Ave., just off of Springfield Avenue in the heart of Maplewood's Business District.  The property is situated down the block from the recently built Maplewood Crossings Luxury Apartment Complex and Dehart Park. Easy access to Interstate 78, Route 280, Route 24, New Jersey Turnpike, Garden State Parkway. Just 15 miles from New York City and a 15 minute drive to Newark International Airport.

Documents

Auction Information

Property Information

Leases & Service Contracts

* Requires confirmation of Online Agreement

Terms & Conditions

  • Buyers Premium: 10% based on the high bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $50,000 due at time of auction. DEPOSIT MUST BE IN THE FORM OF A BANK CHECK.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

Inspection

By Appointment Only. 

Wednesday March 30th, 12pm – 2pm

Wednesday April 6th, 12pm – 2pm

Wednesday April 13th 12pm – 2pm

  • Buyers Premium: 10% based on the high bid.
  • Closing: Sold in As-Is condition, no contingencies.
  • Deposit Amount: $50,000 due at time of auction. DEPOSIT MUST BE IN THE FORM OF A BANK CHECK.
  • Broker Co-op: 2% of the high bid will be paid to a properly registered broker at settlement.

By Appointment Only. 

Wednesday March 30th, 12pm – 2pm

Wednesday April 6th, 12pm – 2pm

Wednesday April 13th 12pm – 2pm

Auction Info:

  • Sold
  • Property Type
    Mixed Use
  • Property Location
    28 & 38 Burnett Avenue
    Maplewood, NJ 07040
  • Auction Location
    On-Site

Property Map



Auction Contact(s):

Oren Klein

  • Email Oren
  • W: (212) 375-1222 x703
    F: (212) 202-6267

Jeremy Sandel