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    47 Fleming Ave Newark, NJ 07105

    New
    For Sale
    $849,900

    Commercial - Newark City, NJ

    Lot size:
    0.06 Acres
    Days on Market:
    2
    Last Refresh:
    Dec 14 at 4:06 pm

    Property Features for 47 Fleming Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    RDV
    Rooms
    Basement
    Basement Y/N
    1
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Multi Units

    Building Details

    Year built
    1950
    Floors in Building
    3
    Number of units
    3
    Roof type
    Flat
    Architectural style
    Other

    RE/MAX Professionals I (973) 450-4000 [email protected]

    Listing agent CHRISOPHER STEAD (973) 450-4000

    Listing date Dec 13, 2025

    MLS# 4001591 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

    Newark Mixed-Use Investment Opportunity

    This commercial property in Newark City, NJ, presents an exceptional mixed-use investment opportunity within the RDV Redevelopment Plan Area. The property features a bar/restaurant on the first floor, occupied by a long-term, established tenant, providing consistent income. Additionally, there are two updated residential apartments offering strong rental potential. The location provides excellent access for commuters to NYC, making the apartments highly desirable to renters. The property has a lot size of 0.06 acres. This property can also be purchased together with 45 Fleming St next door, adding three additional rental units and creating a rare multi-building portfolio opportunity. Ideal for investors seeking cash-flowing Newark properties, redevelopment upside, or long-term appreciation in a rapidly improving corridor. It is zoned RDV.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    El Fogón Bar ... Bar & Grill

    Suggested Use

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

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

    Similar Places Nearby

    The Corner Bar and Lounge, Mamazzita | Ecuadorian Cuisine, Blitz Sportsbar, Day After night lounge, Immigrant Bar & Restaurant

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1458297
    Latitude
    40.7311718

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    FAQs

    What type of property is this?
    Bar - Mixed-use property with commercial and residential units in Newark.
    Where is this bar located?
    The property is located at 47 Fleming Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $849,900.
    What are key features of this property?
    This property features: - Established bar/restaurant tenant provides consistent income.; - Two updated residential apartments offer strong rental potential.; - Prime location with excellent NYC commuter access.
    (973) 450-4000
    Request Owner's contact information
    47 Fleming Ave Newark, NJ 07105
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    Newark, NJ 07105
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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
    47 Fleming Ave Newark, NJ 07105
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