Properties

Description

Rare mixed-use investment opportunity on high-traffic S Orange Avenue in Newark's established West Side corridor.This well-maintained brick building offers two street-level commercial spaces plus four residential units ideal for anowner-user or pure income investor. Kitchens and baths updated within the last 10 years. Additional storage inbasement and private paved backyard. Separate utilities. Gross monthly income of $10,700. Priced at a compelling8.0% cap rate one of the strongest going-in yields available in Essex County today. Minutes to downtown Newark,NJ Transit, and major highways. REO (bank-owned) property. Seller is in the process of securing access to all units. All offers accepted subject tofull physical inspection contingency, to be scheduled once interior access is obtained. Buyer's due diligenceperiod commences upon written confirmation of unit access. Property sold strictly AS-IS. Seller will make norepairs. All income figures must be independently verified by Buyer. Proof of funds or pre-qualification requiredprior to showing. Do not disturb tenants.

Features

  • Heating System : Radiators - Steam, Radiators - Hot Water
  • Cooling System : Window A/c(s)
  • Basement : Storage
  • Roof Deck : See Remarks
  • Lot Description: Corner
  • Tax Assessed Valuation: 278200
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural

Additional Info

  • Office Name: KELLER WILLIAMS - NJ METRO GROUP
  • Office MLS ID: 4129
  • Agent ID: 285362
  • Tax: 11125
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: Mixed-Use

Commercial For Sale

For Sale
$990,000

304 S Orange Ave, Newark City, *

  • SQFT 41.80 Acre
  • Built Year 1920

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5449876
  • Price: $990,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1920
  • Year Built Description: Approximate
  • Lot Area: 41.80 Acre
  • Status: Active
  • Days On Market: 2

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: S Orange Ave
  • Street Number: 304
  • Street Direction: From I-280, take Exit 13 to S Orange Ave. Property
  • Floor Number: 0
  • Longitude: W75° 48' 9.3''
  • Latitude: N40° 44' 22''
  • Internet Display Address: Yes
Property