New Providence, NJ Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in New Providence, New Jersey Market population: 12K. Browse multifamily, office, retail, industrial, and mixed-use...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For New Providence NJ Properties: 5.8000%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For New Providence NJ
Common questions from investors exploring commercial real estate in New Providence NJ.
What is the overall investment potential of New Providence, NJ?
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New Providence, NJ offers a stable investment market with a median household income of $130,536, a relatively low poverty rate of 3.0%, and a high health insurance coverage rate of 96.4%, indicating a strong and secure tenant base. The top industries, including Wholesale Trade, Finance & Insurance, and Manufacturing, also suggest a diverse economy. With a median property value of $579,200 and a homeownership rate of 77.2%, the area shows promise for real estate investment.
How does the demographic makeup of New Providence impact investment decisions?
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The demographic makeup of New Providence, with a median age of 42.1 and top ethnicities including White, White Non-Hispanic, and Asian, suggests a diverse and potentially stable community. The foreign born rate is not available, but the high median household income and low poverty rate indicate a strong economic foundation. This diversity, combined with the area's top industries and high health insurance coverage, makes it an attractive location for investors.
What role do commute times and transportation options play in the investment potential of New Providence?
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The average commute time of 29.3 minutes in New Providence, with top commute methods including driving alone, working from home, and public transit, indicates a convenient and accessible location. This, combined with the area's high median household income and low poverty rate, suggests that residents have a stable and secure lifestyle, making it an attractive location for investors. The diversity of commute methods also suggests a flexible and adaptable community.
How do income inequality and poverty rates impact the quality of tenants in New Providence?
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The poverty rate of 3.0% in New Providence, combined with a high health insurance coverage rate of 96.4% and a median household income of $130,536, suggests a working-class market with employment stability. The GINI coefficient of 0.432 indicates some income inequality, but the overall economic indicators suggest a strong and secure tenant base. This, combined with the area's top industries and diverse economy, makes it an attractive location for investors.
What are the key factors to consider when evaluating the housing market in New Providence for investment purposes?
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When evaluating the housing market in New Providence, key factors to consider include the median property value of $579,200, median property taxes of $3,389, and a homeownership rate of 77.2%. The area's high median household income, low poverty rate, and diverse economy also suggest a stable and secure housing market. Additionally, the top industries and commute times indicate a convenient and accessible location, making it an attractive location for investors.
New Providence NJ Real Estate & City Facts
Key facts and real estate information about New Providence NJ.
What are some of the best neighborhoods to live in New Providence?
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Some of the best neighborhoods to live in New Providence include Forest Hill, West Side, South Broad Street, Greenville, Montclair Heights, The Waterfront, South Ironbound, Manor Section, Upper Vailsburg, North Ironbound, and Allwood. These neighborhoods offer a range of housing options, from single-family homes to apartments, and are known for their safety, good schools, and community amenities.
What are some fun things to do in New Providence?
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There are plenty of fun things to do in New Providence, including visiting the Great Swamp National Wildlife Refuge, exploring the downtown area, and enjoying the city's many parks and recreation facilities. You can also check out the local restaurants and bars, such as Providence Bar & Kitchen, Harlee's Tap and Grille, and Moe's Bistro & Bar. If you're looking for something to do with the family, consider visiting the New Providence Community Pool or the New Providence Memorial Library.
What is the food scene like in New Providence?
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The food scene in New Providence is diverse and vibrant, with a range of restaurants serving everything from Italian cuisine at Fiorino to Asian fusion at Kawa Ramen. You can also find traditional American fare at restaurants like Prestige Diner and Old Glory Restaurant. There are also plenty of great food trucks and cafes in the area, offering everything from tacos to ice cream. Whether you're in the mood for something fancy or casual, you're sure to find something to suit your taste in New Providence.
What are the pros and cons of living in New Providence?
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The pros of living in New Providence include its excellent schools, safe neighborhoods, and convenient location near New York City. The city also has a strong sense of community, with many family-friendly events and activities throughout the year. However, some cons of living in New Providence include the high cost of living, traffic congestion, and limited parking in the downtown area. Additionally, some residents may find the city's suburban atmosphere to be a bit quiet or boring at times.
Is New Providence a good place to live?
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Overall, New Providence is a great place to live, offering a unique blend of small-town charm and big-city convenience. With its excellent schools, safe neighborhoods, and diverse community, it's an ideal choice for families, young professionals, and anyone looking for a high quality of life. While it may have some drawbacks, such as high costs and traffic congestion, the benefits of living in New Providence far outweigh the drawbacks. If you're considering moving to the area, I would definitely recommend giving it a closer look.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For New Providence NJ Commercial Property: $130,536
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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