Listing Details

132 Spring St,Newton Town, NJ 07860-2009

  • September 29, 2026
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Description

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.

Details

Last Updated On: September 29th, 2026 at 4:42 pm
Property ID:PT-55501923-AXZR
Offer Type:For Sale
Property Type:See Remarks
Price: 550,000 $
Year Built:1938

Additional Details

Listing Details

Status: Active

Location

County: Sussex
Lotsize: 00000.068 AC.
Lot Identifier: 23

Home Details

Subdivision: Downtown
Location: Business District
Acreage: 0.07
Number of Stories: 1
Available SqFt: 5767
Building SqFt: 5767
Easement/Desc: Unknown
Basmnt/Desc: Yes - Unfinished
YB/Desc: 1938 - Approximate
Block Identifier: 8.08
County Number: 28
Town Number: 2817
Possession: POT

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Ownership: Fee Simple
Tax ID For Property: 2815-00008-0008-00023-0000-
Tax Amount: $5,192.00
Tax Year: 2024
Tax Rate: 2.727%
Tax Rate Year: 2025
Land Assessment: $95,200.00
Building Assessment: $150,000.00
Total Assessment: $245,200.00

Utilities

Other

Zoning: T-6

Statistics

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