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    1041 S Orange Ave Newark, NJ 07106

    For Sale
    $699,000

    Commercial - Newark City, NJ

    Property size:
    4,800 SF
    Lot size:
    0.06 Acres
    Days on Market:
    93
    Last Refresh:
    Dec 6 at 5:06 pm

    Property Features for 1041 S Orange Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Rooms
    Basement
    Basement Y/N
    1
    Size
    4,800 SF
    Lot size
    0.06 Acres

    Building Details

    Year built
    1945
    Floors in Building
    3
    Number of units
    3
    Flooring type
    Linoleum, Vinyl, Wood
    Building materials
    Concrete, See Remarks
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Jordan Baris, Inc. Realtors (973) 736-1600 [email protected]

    Listing agent BLOSSOM VERNON (973) 736-1600

    Listing date Sep 5, 2025

    MLS# 3981272 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building Near Seton Hall

    This mixed-use building, formerly a pharmacy and doctor's office, presents opportunities for retail, medical, or professional use. The property includes upper-level apartments that provide additional revenue streams. The pharmacy currently occupies the storefront with a negotiable 10-year lease in place. Located near the South Orange border and Seton Hall University, the building is situated in a business district with shops, restaurants, and public transportation. The lot size is 0.06 acres, and the property size is 4800 square feet. The property is zoned for commercial use.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sanford Community Pharmacy ... Pharmacy MoneyGram Money Transfer Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.231915473938
    Latitude
    40.746330350008

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    FAQs

    What type of property is this?
    Mixed-use property - Versatile commercial building with retail and residential income potential.
    Where is this mixed-use property located?
    The property is located at 1041 S Orange Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $699,000.
    What are key features of this property?
    This property features: - High-traffic location near South Orange border and Seton Hall University.; - Versatile mixed-use building suitable for retail, medical, or professional use.; - Existing storefront pharmacy with negotiable 10-year lease provides stable income.
    (973) 736-1600
    Request Owner's contact information
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    Newark, NJ 07106
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1041 S Orange Ave Newark, NJ 07106
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