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7000SF-Mixed Use(3 Stores 2Apts)Tax:$5700 1018-1020 S Orange Ave 7,000 SF 100% Leased Retail Building Newark, NJ 07106 $2,700,000 ($385.71/SF)
Investment Highlights
- - Reliable Revenue: Fully occupied with a strong tenant mix including three ground-floor retail storefronts and two oversized residential units.
- - Operational Efficiency: 100% separate utilities (Electric, Gas, Water) ensure minimal landlord overhead.
- - The Residential Edge: Two massive 3-bedroom apartments featuring premium finishes, in-unit laundry, and central HVAC—high-demand features that comma
- - Low Friction Ownership: Only 2 year old with zero deferred maintenance, a full sprinkler system, and exceptionally low property taxes
Executive Summary
Turnkey Mixed-Use Investment | 100% Leased | Newer Construction in Newark
Exceptional mixed-use opportunity! Constructed in 2024, this modern mixed-use building at a corner lot in prime location offers the perfect combination of stability and growth. This contemporary, 2-story building is a "buy-and-hold" dream located on a high-traffic corridor.
The ground floor boasts three vibrant retail spaces with 51 feet of frontage, offering maximum brand visibility and foot traffic. Upstairs two massive 3-bedroom apartments featuring premium finishes, in-unit laundry, and central HVAC—high-demand features that command top-market rents. This is superb opportunity with even greater potentials.
Don’t miss out on one of the cleanest mixed-use assets currently on the market
Exceptional mixed-use opportunity! Constructed in 2024, this modern mixed-use building at a corner lot in prime location offers the perfect combination of stability and growth. This contemporary, 2-story building is a "buy-and-hold" dream located on a high-traffic corridor.
The ground floor boasts three vibrant retail spaces with 51 feet of frontage, offering maximum brand visibility and foot traffic. Upstairs two massive 3-bedroom apartments featuring premium finishes, in-unit laundry, and central HVAC—high-demand features that command top-market rents. This is superb opportunity with even greater potentials.
Don’t miss out on one of the cleanest mixed-use assets currently on the market
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
7,000 SF
Building Class
B
Year Built
2024
Price
$2,700,000
Price Per SF
$385.71
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.35
Lot Size
0.12 AC
Zoning
C-2 - Community Commercial and Residential
Frontage
Amenities
- Security System
- Signage
Exceptionally walkable
100/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-04115-0000-00007 | Improvements Assessment | $10,000 |
| Land Assessment | $137,700 | Total Assessment | $147,700 |
Property Taxes
Parcel Number
14-04115-0000-00007
Land Assessment
$137,700
Improvements Assessment
$10,000
Total Assessment
$147,700
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7000SF-Mixed Use(3 Stores 2Apts)Tax:$5700 | 1018-1020 S Orange Ave
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