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72 Elm Rd Newark, NJ 07105

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For Sale
$2,900,000

Mixed-use property with restaurant/bar and apartments in Newark.

Source: Keller Williams Park Views

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


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

Suggested Use

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

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

Location Insight

  • Map
  • Local Demand
City
Newark
County
Essex
State
New Jersey
Longitude
-74.1560626
Latitude
40.7211

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.
More about this property
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