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    113 Elizabeth Ave Newark, NJ 07108

    For Sale
    $650,000

    CommercialSale - Newark City, NJ

    Property size:
    2,700 SF
    Lot size:
    0.06 Acres
    Days on Market:
    44
    Last Refresh:
    Dec 6 at 7:06 am

    Property Features for 113 Elizabeth Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,700 SF
    Lot size
    0.06 Acres

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Year built
    1920
    Number of units
    4
    Flooring type
    Tile, Wood
    Roof type
    Flat
    Architectural style
    Other

    Berkshire Hathaway HomeServices Fox & Roach, Realtors [email protected]

    Listing agent Michele Chiles-Hickman (973) 744-5544

    Listing date Oct 24, 2025

    MLS# 3968165 Listing URL

    Copyright © 2025 Berkshire Hathaway HomeServices Fox & Roach, Realtors. 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 in Newark City

    This four-story mixed-use building is located on a high-visibility, high-traffic street, minutes from downtown Newark and major landmarks such as the Prudential Center, NJPAC, and municipal buildings. The property features three residential units above, each containing two bedrooms and one full bath. The ground floor includes a former barbershop suitable for a commercial storefront or office space. The building offers potential for investors and buyers. All units require upgrades and renovation, offering the opportunity to reimagine and reposition the property. The property will be delivered completely vacant at closing, providing flexibility and the potential to achieve strong market rents after renovation. The property is suitable for building a rental portfolio or operating a business. The lot size is 0.06 acres and the property size is 2,700 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.18959
    Latitude
    40.7192

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    FAQs

    What type of property is this?
    Mixed-use property - Four-story mixed-use building with commercial space and residential units.
    Where is this mixed-use property located?
    The property is located at 113 Elizabeth Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Delivered completely vacant, offering immediate renovation and repositioning opportunities.; - High-visibility, high-traffic location minutes from downtown Newark and major landmarks.; - Mixed-use building with three 2-bedroom/1-bath residential units and a ground-floor commercial space.
    (973) 744-5544
    Request Owner's contact information
    113 Elizabeth Ave Newark, NJ 07108
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    Newark, NJ 07108
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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
    113 Elizabeth Ave Newark, NJ 07108
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