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304-306 S Orange Ave
Newark, NJ 07103
Mixed-Use Investment Opportunity Newark NJ · Retail Property For Sale
Investment Highlights
- Mixed-use property featuring street-level commercial frontage along South Orange Avenue with residential units above.
- Separate utility configuration supports independent operation of commercial and residential occupants.
- Walkable location with access to neighborhood services, public transportation, and surrounding residential density.
- Positioned in Newark’s West Side neighborhood with direct exposure to a well-traveled urban corridor.
- Includes basement storage and a private rear yard area.
- Approximately 0.08-acre site within the Northern New Jersey market and Newark CBSA.
Executive Summary
Mixed-Use Opportunity $990,000 | 8.0% Cap Rate | Mixed-Use | 6 Units | Newark West Side | REO / AS-IS
Investment Highlights
KW Commercial is pleased to present 304 S Orange Avenue, a stabilized mixed-use asset positioned on one
of Newark's most active commercial corridors. This six-unit brick building delivers immediate cash flow through a
diversified income stream of two ground-floor commercial units and four residential apartments — providing the
built-in rent redundancy that pure multifamily or pure retail assets cannot offer.
The Opportunity
At $990,000 and an 8.0% going-in cap rate, this asset is priced at $165,000 per unit — a meaningful discount to
replacement cost and one of the strongest yields available in the Essex County submarket. The property generates
$10,700 per month in gross income ($128,400 annually), producing a Year 1 NOI of approximately $79,300 after
vacancy and operating expenses.
Location & Market
South Orange Avenue is a primary arterial corridor connecting Newark's West Side to downtown, anchored by West
Side County Park and well-served by NJ Transit including the Norfolk Street Light Rail Station approximately 1.2
miles away. Newark's ongoing investment in transit, development, and neighborhood infrastructure continues to
attract investors priced out of Jersey City and Hoboken.
Financing
This asset is eligible for SBA 504 financing for an owner-occupant occupying a minimum 51% of one commercial unit.
Conventional and portfolio lending also available. Contact listing broker for full pro forma and financing scenarios.
REO / AS-IS — Inspection Contingency Notice
This property is a recently acquired REO (bank-owned) asset. Seller is in the process of securing access to all units.
All offers will be structured with a full physical inspection contingency to be exercised once seller confirms interior
access. Buyer's due diligence period commences upon written confirmation of access. Property sold strictly AS-IS, WHERE-IS — no seller representations, warranties, or repairs. All income figures must be independently verified by Buyer. Do not contact tenants. Proof of funds required prior to showing.
Investment Highlights
KW Commercial is pleased to present 304 S Orange Avenue, a stabilized mixed-use asset positioned on one
of Newark's most active commercial corridors. This six-unit brick building delivers immediate cash flow through a
diversified income stream of two ground-floor commercial units and four residential apartments — providing the
built-in rent redundancy that pure multifamily or pure retail assets cannot offer.
The Opportunity
At $990,000 and an 8.0% going-in cap rate, this asset is priced at $165,000 per unit — a meaningful discount to
replacement cost and one of the strongest yields available in the Essex County submarket. The property generates
$10,700 per month in gross income ($128,400 annually), producing a Year 1 NOI of approximately $79,300 after
vacancy and operating expenses.
Location & Market
South Orange Avenue is a primary arterial corridor connecting Newark's West Side to downtown, anchored by West
Side County Park and well-served by NJ Transit including the Norfolk Street Light Rail Station approximately 1.2
miles away. Newark's ongoing investment in transit, development, and neighborhood infrastructure continues to
attract investors priced out of Jersey City and Hoboken.
Financing
This asset is eligible for SBA 504 financing for an owner-occupant occupying a minimum 51% of one commercial unit.
Conventional and portfolio lending also available. Contact listing broker for full pro forma and financing scenarios.
REO / AS-IS — Inspection Contingency Notice
This property is a recently acquired REO (bank-owned) asset. Seller is in the process of securing access to all units.
All offers will be structured with a full physical inspection contingency to be exercised once seller confirms interior
access. Buyer's due diligence period commences upon written confirmation of access. Property sold strictly AS-IS, WHERE-IS — no seller representations, warranties, or repairs. All income figures must be independently verified by Buyer. Do not contact tenants. Proof of funds required prior to showing.
Property Facts
Sale Type
Investment or Owner User
Sale Condition
REO Sale
Property Type
Retail
Property Subtype
Building Size
3,485 SF
Building Class
C
Year Built
1920
Price
$990,000
Price Per SF
$284.07
Cap Rate
8%
NOI
$79,200
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
0.97
Lot Size
0.08 AC
Zoning
C - Commercial
Frontage
40’ on Orange Ave
Property Taxes
| Parcel Number | 14-00270-0000-00003 | Improvements Assessment | $232,000 |
| Land Assessment | $83,600 | Total Assessment | $315,600 |
Property Taxes
Parcel Number
14-00270-0000-00003
Land Assessment
$83,600
Improvements Assessment
$232,000
Total Assessment
$315,600
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