Income-Producing w/ Value-Add Opportunity 220 Jefferson St 4,200 SF 100% Leased Retail Building Newark, NJ 07105 For Sale

Located in the heart of Newark’s highly sought-after Ironbound district, 220 Jefferson Street presents a compelling mixed-use investment opportunity on a prominent corner lot just blocks from the vibrant Ferry Street Corridor. This three-story asset offers a strong blend of in-place income and value-add potential in one of Northern New Jersey’s most dynamic retail and residential submarkets.
The property features a stabilized ground-floor retail tenant secured by a five-year lease, providing immediate cash flow and long-term income stability. Above, the third-floor residential unit is leased on a one-year term, while the second-floor unit is currently vacant, offering investors the opportunity to capture upside through renovation and lease-up at market rents.
A rare amenity in this urban location, the property includes a private detached two-car garage, enhancing tenant appeal and providing additional income potential. Its corner positioning ensures excellent visibility and accessibility, further strengthening both the retail presence and residential desirability.
Surrounded by dense population, thriving restaurants, and strong neighborhood foot traffic, this asset is ideally positioned for investors seeking stable income with value-add upside.