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    391 Hawthorne Ave Newark, NJ 07112

    Picture of Grocery and convenience stores at Hawthorne Ave 391, Newark, NJ
    For Sale
    $900,000

    Commercial - Newark City, NJ

    Property size:
    6,350 SF
    Lot size:
    0.12 Acres
    Days on Market:
    125
    Last Refresh:
    Dec 5 at 8:06 pm

    Property Features for 391 Hawthorne Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    4A
    Rooms
    Basement
    Basement Y/N
    1
    Size
    6,350 SF
    Lot size
    0.12 Acres

    Utilities

    Cooling system
    Central Air

    Building Details

    Floors in Building
    1
    Number of units
    3
    Flooring type
    Laminate
    Architectural style
    Other

    Real Broker LLC

    Listing agent CAROLINA CAMPBELL (855) 450-0442

    Listing date Aug 3, 2025

    MLS# 3975573 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

    Retail Property with Income Potential

    Located in Newark City, this retail property at 391-393 Hawthorne Ave presents an opportunity for investors. The property features three units, two of which are currently rented out on a NNN lease with a right of renewal after five years. Each unit is 1,500 square feet and includes a 1,000-square-foot basement for storage. Each unit has separate utility meters, with water divided among the three units. Unit 1 is occupied by a community grocery store, while Unit 2 was originally occupied by Bragman's Deli and includes a walk-in cooler and stove; other equipment may be available. Unit 3 is also occupied. The roof was replaced in 2021, and newer hot water heaters have been installed. The owner has the option to expand with the first right of refusal on the buildings next to Bragman's (389 & 395). The property's lot size is 0.12 acres, and the total property size is 6,350 square feet. The zoning is 4A.
    Location Intelligence

    Current Use by Public Records

    Grocery and convenience stores

    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.

    Similar Places Nearby

    Lion Superkmarket, New Queens Supermarket, Town Plaza Supermarket, Martinez Stop One Super Market, Cayce Foods

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.20994
    Latitude
    40.71813

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    FAQs

    What type of property is this?
    Grocery and convenience store - Retail property in Newark City with existing tenants and expansion options.
    Where is this grocery and convenience store located?
    The property is located at 391 Hawthorne Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - High Income Potential: Potential to generate $7,000/month in rental income.; - Long-Term Leases: Two of three units are rented for the next five years on a NNN lease with renewal options.; - Separately Metered Utilities: Each unit pays its own utilities, with separate meters, simplifying management.
    (855) 450-0442
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    391 Hawthorne Ave Newark, NJ 07112
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    Newark, NJ 07112
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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
    391 Hawthorne Ave Newark, NJ 07112
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