72 Elm Rd Newark, NJ 07105
Mixed-use property with restaurant/bar and apartments in Newark.
Source: Keller Williams Park Views
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Overview
Mixed-Use Property in Ironbound Newark
This mixed-use property is located in Ironbound, Newark. It features a vacant restaurant/bar and three apartments rented on a month-to-month basis. The sale includes a liquor license, equipment, and inventory valued at $650,000. The property is suitable for investors or owner-operators. The potential market rent is $12,000 per month NNN for the commercial space, plus $3,200 per unit for the residential units. This turn-key opportunity offers excellent visibility and income potential.
Insight Report
Location Intelligence
Current Use by Public Records
Tony Da Caneca
Portuguese Restaurant
Vieira & Gomes Corporation
Fast Food Restaurant
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1560626
- Latitude
- 40.7211
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with restaurant/bar and apartments in Newark.
Where is this mixed-use property located?
The property is located at 72 Elm Rd Newark, NJ.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: - Includes valuable liquor license, equipment, and inventory (valued at $650K).; - Mixed-use property with a vacant restaurant/bar and 3 rented apartments.; - High income potential: $12K/month NNN (commercial) + $3,200/unit (residential) at market rent.