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Renovated Office Retail Space Available
For Lease
$2,200/Mo

120 Elm St, Newark, NJ 07105

Newly renovated office or retail space, ready for business.

Space SizeContact for details
Property Size500 SF
Lot Size0.11 Acres
Days on Market272

Property Features for 120 Elm St

General Information

Standard status Active
Size 500 SF
Lot size 0.11 Acres
Property subtype Commercial

Taxes and HOA fees

Annual Taxes $21,524

Building Details

Building Size 500 SF
Year Built 9999
Units 1
Listing Agency: EXIT REALTY LUCKY ASSOCIATES
Listed By: ANTONIO COSTA · License #238477
Source: Elliman
Added: Nov 28, 2025 Changed: Aug 22 Last Checked: Aug 26 at 10:42AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of EXIT REALTY LUCKY ASSOCIATES

Investment Insights

Based on property information with market context.

This property offers a newly renovated office or retail space, encompassing 500 square feet. Renovations were completed in 2024. The space includes central air conditioning and heating, as well as a handicap-accessible bathroom. Basement space is included for storage. This property is ready for immediate business operations.

Key Highlights

  • Newly renovated in 2024
  • Ready to open for business
  • Central AC and Heat

Property Analytics

Current Use

Rincon Del Valle Restaurant

Suggested Use

Top Pick Veterinary Clinic Nursing Home (Bike/Boat/Book/etc) Store Buffet Tanning Salon Locksmith

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

5,988
Businesses Nearby

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value

Market

Lease Benchmarks for Newark, NJ

$27.45 /SF/Yr
Avg Asking Price
$8.09–$59.38 /SF/Yr
Price Range
8,041 SF
Avg Space Size

Vacancy Rate% for Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Office units - Newly renovated office or retail space, ready for business.
Where is this office units located?
The property is located at 120 Elm St Newark, NJ.
What is the lease rate?
The lease rate is $2,200/Mo.
What are key features of this property?
This property features: Newly renovated in 2024; Ready to open for business; Central AC and Heat
More about this property
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