1018-1020 S Orange Ave - Storefront Retail/Residential FOR SALE


Newark, NJ 07106- Lower Vailsburg
$2,700,000 USD
917-576-1108
1018-1020 S Orange Ave, Newark, NJ for Sale
$2,700,000 USD
Storefront Retail/Residential - FOR SALE
1/33
null | Request Cap Rate

1018-1020 S Orange Ave
Newark, NJ 07106
Lower Vailsburg


HIGHLIGHTS

  • - Reliable Revenue: Fully occupied with a strong tenant mix including three ground-floor retail storefronts and two oversized residential units.
  • - The Residential Edge: Two massive 3-bedroom apartments featuring premium finishes, in-unit laundry, and central HVAC—high-demand features that comma
  • - Operational Efficiency: 100% separate utilities (Electric, Gas, Water) ensure minimal landlord overhead.
  • - Low Friction Ownership: Only 2 year old with zero deferred maintenance, a full sprinkler system, and exceptionally low property taxes

OVERVIEW

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

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$386 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

7000SF-Mixed Use(3 Stores 2Apts)Tax:$5700

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,184 SF

ZONING

C-2

APN/PARCEL ID

14-04115-0000-00007

ASK ABOUT THIS PROPERTY

Tommy LeeProminent Properties CommercialMore Info
917-576-1108

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Tommy LeeProminent Properties CommercialMore Info
917-576-1108

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.