132 Spring St, Newton Town NJ 07860-2009

Property City
Newton Town
Property Media
image-4009175-1.jpeg
image-4009175-1.jpeg
Property Price
$600,000
Year Built
1938
Tax Annual Amount
$5192
TaxYear (*text)
2024
Roof (*text)
See Remarks
Lot Size Area
0.07
MLS Status
Active
MLS #
4009175

Prime Downtown Newton Redevelopment Opportunity. Exceptional investment and development opportunity in the heart of thriving downtown Newton, the County Seat. Prominently located on desirable Spring Street, this commercial building is ready for a complete rehabilitation, offering a rare chance to reimagine a cornerstone property in one of Northwest New Jersey's most active and walkable business districts. Surrounded by established restaurants, boutiques, professional offices, the courthouse, and in close proximity to Sussex County Community College property, this location benefits from steady foot traffic and strong community presence. Ideal for mixed-use transformation, the property lends itself to a dynamic redevelopment concept featuring three street-level retail spaces with residential apartments on the upper floors (subject to approvals), creating an attractive blend of commercial vitality and residential demand in the downtown core. Whether you're an investor, developer, or business owner seeking a signature downtown presence, this is a blank canvas with substantial upside potential. The included conceptual rendering reflects one vision for honoring the historic character of the site while maximizing modern commercial and residential appeal through thoughtfully designed upper-level apartments positioned above vibrant ground-floor retail. Property requires total rehabilitation. Buyer responsible for all due diligence, inspections, zoning verification, and approvals.

Yearly Tax Rate
2.727
Year Built (*numeric)
1938
Basement
Yes
Roofing (*text)
See Remarks
Days On Market
1
Basement (*text)
Yes
Cooling (*text)
See Remarks
Heating
See Remarks
Lot Size Dimensions
00000.068 AC.
Property Location

41.05746, -74.7516

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Units: Miles
Origin Coordinates
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buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762