95 16th Ave - Storefront Retail/Residential FOR SALE


Newark, NJ 07103- West Side
$1,575,000 USD
908-965-8178
95 16th Ave, Newark, NJ for Sale
$1,575,000 USD
Storefront Retail/Residential - FOR SALE
1/12
null | 7.58% Cap Rate

95 16th Ave
Newark, NJ 07103
West Side


HIGHLIGHTS

  • 95 16th Avenue presents a four-story, freestanding mixed-use building consisting of six one-bedroom apartments and three retail units.
  • Highly visible and easily accessible at the four-way intersection of S 6th Street and 16th Avenue, with 50 feet of frontage along S 6th Street.
  • Fully leased and income-generating, 95 16th Street serves a large rental demand pool and is occupied by two local clothing stores and a hair salon.
  • Nestled in Newark’s West Side neighborhood, where locals are within walking distance of schools, shops, and parks.
  • Located less than 1 mile from the Rutgers University Hospital, midway to Interstate 280 and Interstate 78, as well as 4.5 miles from Newark Int’l.

OVERVIEW

Rose Real Estate is pleased to offer a well-located nine-unit mixed-use property in Newark, New Jersey. All units are individually metered for electric, gas, heat, and hot water, minimizing landlord expenses and delivering consistent, reliable cash flow without uncertainty around utility exposure. The property benefits from strong accessibility for residential tenants, commercial customers, and ownership, supporting ease of management and long-term value. The West Side neighborhood of Newark supports the commercial and residential tenants of 95 16th Avenue, which is a developing hub outside Newark’s bustling city center. The Rutgers University campus, hospital, research, and housing developments surround the area. A growing population of more than 222,000 residents resides within 2 miles of the property, with approximately 83% of the area occupied by rental housing. The public university drives housing demand and supports healthy consumer spending, generating revenue for local retailers. 95 16th Avenue serves guaranteed consumer demand and has generated an NOI of nearly $120,000, offering a passive investment opportunity while providing stabilized streams of rental income.

FOR SALE DETAILS

PRICE

$1,575,000 USD

PRICE/SF

$190 USD /SF

CAP RATE

7.58%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Convenience Store, Storefront, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

Commercial

APN/PARCEL ID

14-00293-0000-00033

ASK ABOUT THIS PROPERTY

Lauren FedergreenRose Real Estate LLCMore Info
908-965-8178

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Lauren FedergreenRose Real Estate LLCMore Info
908-965-8178

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