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1018-1020 S Orange Ave
Newark, NJ 07106
7000SF-Mixed Use(3 Stores 2Apts)Tax:$5700 · Retail Property For Sale

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INVESTMENT HIGHLIGHTS

  • Brand New FIX NO MORE - ALL LEASED OUT 7000 SF MIXED USED 3 STORES AND 2 3 Bedroom Apartments, One Storage Room
  • Perfect 1031 Exchange with No Headaches- Fix No More! Brand New 7000 SF Mixed Use Commercial Right on Heavy Traffic Road
  • 5 HVACs, 5 Hot Water Tanks with All Separate Utilities situated in Busy Retail Area near White Castle, Popeye Chicken, Dunkin Donuts
  • Low Tax $5700, Lot Size= 5178 S.F. Three Stores with 12 FT CELING HEIGHT, 2 Brand New 3 Bedroom Apartments

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

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
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
10’ on SOUTH ORANGE AVE

AMENITIES

  • Security System
  • Signage

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-04115-0000-00007
Land Assessment
$137,700
Improvements Assessment
$10,000
Total Assessment
$147,700
  • Listing ID: 39108265

  • Date on Market: 6/10/2024

  • Last Updated:

  • Address: 1018-1020 S Orange Ave, Newark, NJ 07106

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