549 S Orange Ave Newark, NJ 07103

This newly constructed 3-story mixed-use building is located in Newark City and offers an investment opportunity. The property features three residential units and two ground-floor commercial spaces: a 1,132 square foot retail unit and a 511 square foot office unit. The three apartments are currently leased at $2,300 per month each on 3-year leases expiring in 2027, providing stable cash flow. The commercial units are presently owner-occupied on a month-to-month basis, allowing for flexible occupancy or immediate leasing upside. The property benefits from a 5-year tax abatement, with reduced property taxes structured as follows: Year 1 - 0%, Year 2 - 20%, Year 3 - 40%, Year 4 - 60%, and Year 5 - 80% of full taxes. Situated along the South Orange Avenue corridor, this asset is well positioned for long-term growth with convenient access to major highways, public transportation, and Newark's institutional and residential hubs. The building has a property size of 3,779 square feet and sits on a lot of 0.06 acres. The zoning is C-2. The commercial spaces will also be actively marketed for lease, making this a prime opportunity for investors, owner-users, or hybrid retail/residential operators.