Properties

Description

Discover this exceptional income-producing commercial property situated prominently at the corner of Elm Street and Pacific Street in the heart of the vibrant Ironbound section of Newark. Located just 3 minutes from the Prudential Center and 5 minutes from Newark Penn Station, this mixed-use building offers unparalleled convenience and accessibility. The property features 10 total units, including 8 luxury residential apartments and 2 commercial storefronts. The residential layout includes one 1-bedroom, four 2-bedroom, and three 3-bedroom high-end apartments, all thoughtfully designed to appeal to discerning tenants. Each residential unit boasts an open-concept layout, seamlessly connecting the living room and eat-in kitchen, featuring sleek quartz countertops. These units also offer spacious bedrooms, modern bathrooms, and the convenience of an in-unit washer and dryer, with central air and forced hot air throughout. The ground floor hosts two well-established businesses: a charming flower shop and a popular restaurant, providing steady commercial income and neighborhood foot traffic. With modern finishes, a prime location, and high rental demand, this building presents a rare chance to own a well-maintained, turn-key property in one of Newark's most desirable neighborhoods. This is a perfect opportunity for investors looking for both appreciation and consistent rental income.

Features

  • Heating System : Forced Hot Air
  • Cooling System : Central Air
  • Roof Deck : Flat
  • Lot Description: Corner
  • Tax Assessed Valuation: 750000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural
  • Internet

Additional Info

  • Office Name: REAL
  • Office MLS ID: 4989
  • Agent ID: 394889
  • Tax: 28522
  • Tax Year: 2024
  • Application Fee: $0
  • Zoning: 4A

Commercial For Sale

For Sale
$3,900,000

136 Elm St, Newark City, *

  • SQFT 35 Acre
  • Built Year 1930

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5358815
  • Price: $3,900,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1930
  • Year Built Description: Renovated
  • Lot Area: 35 Acre
  • Status: Active
  • Days On Market: 8

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Elm St
  • Street Number: 136
  • Street Direction: Travel south on McCarter Highway (Route 21). Go ea
  • Building Name: 136
  • Floor Number: 0
  • Longitude: W75° 50' 5.2''
  • Latitude: N40° 43' 42.1''
  • Internet Display Address: Yes
Property