Properties

Description

An outstanding investment opportunity awaits with this prime five-unit mixed-use property, offering strong, diversified revenue streams and high cash-flow potential. The building features three prominent ground-floor retail spaces alongside two spacious upper-level residential apartments, each offering a desirable two-bedroom, one-bathroom layout that easily attracts reliable, long-term tenants. With the commercial tenants responsible for paying all of their own utilities, operating overhead remains exceptionally low, allowing investors to maximize net operating income from day one. Whether you are expanding an established commercial portfolio or looking for a high-performing multi-family asset, this income producer delivers the ideal blend of tenant stability, utility-split efficiency, and long-term financial growth.

Features

  • Heating System : Baseboard - Electric
  • Cooling System : Window A/c(s)
  • Basement : Full, Unfinished
  • Roof Deck : Flat
  • Tax Assessed Valuation: 265000
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric
  • Internet

Additional Info

  • Office Name: MENZA REALTY
  • Office MLS ID: 0664
  • Agent ID: 408116
  • Tax: 10597
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: Commercial

Commercial For Sale

For Sale
$899,000

948 S Orange Ave, Newark City, *

  • SQFT 0.07 Acre
  • Built Year 1930

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5465395
  • Price: $899,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1930
  • Year Built Description: Approximate, Unknown
  • Lot Area: 0.07 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: S Orange Ave
  • Street Number: 948
  • Street Direction: across the street from white castle. closest crass
  • Floor Number: 0
  • Longitude: W75° 46' 21.8''
  • Latitude: N40° 44' 46.8''
  • Internet Display Address: Yes
Property