Mixed-Use Property in Newark Arena
For Sale
$4,800,000
218 Mulberry St, Newark, NJ 07102
Income-producing mixed-use property near Prudential Center with redevelopment potential.
Property Size39,500 SF
Lot Size0.08 Acres
Price / SF$121.52
Days on Market233
Property Features for 218 Mulberry St
General Information
Standard status
Active
Size
39,500 SF
Lot size
0.08 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$36,877
Amenities
Corner
Flat Roof
Building Details
Year Built
1900
Listing Agency:
EXP REALTY, LLC
(866) 201-6210
Listed By:
HECTOR R. ROJAS
(973) 786-2247
Source:
Corcoran
Added: Jan 13
Changed: Sep 2
Last Checked: Sep 1 at 8:34PM
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This mixed-use property is located in Downtown Newark's Arena District, near the Prudential Center and Mulberry Commons Park. The property provides immediate cash flow and long-term upside potential within an active redevelopment corridor. The property includes a commercial anchor tenant generating approximately $240,000 annually, along with four residential units above. The total annual income is approximately $349,200, with a net operating income of approximately $291,900. Tenants cover all utility costs, and the property is owner-managed. All leases operate on a month-to-month basis, offering flexibility to secure long-term leases, optimize rents, or reposition the asset. The property is located within a major redevelopment zone with public and private investment. The property is suitable for 1031 exchange buyers, long-term hold investors, value-add strategies, or assemblage-minded buyers seeking stable income with future potential.
Key Highlights
- Fully income‑producing mixed‑use property with approximately $349,200 total annual income and $291,900 net operating income.
- Located in Downtown Newark's Arena District, near the Prudential Center and Mulberry Commons Park.
- Strong commercial anchor tenant generating approximately $240,000 annually.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,920
Businesses Nearby
Explore this area
Business Placement
Demographics for 07102, NJ
15,047
Population
6,574
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
82%
High-School Grad
1.1 sq mi
ZIP Area
13,679
Density / Sq Mi
$37,093
Median Household Income
$42,234
Median Earnings
$1,141
Median Rent
$293,900
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Income-producing mixed-use property near Prudential Center with redevelopment potential.
Where is this mixed-use property located?
The property is located at 218 Mulberry St Newark, NJ.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Fully income‑producing mixed‑use property with approximately $349,200 total annual income and $291,900 net operating income.; Located in Downtown Newark's Arena District, near the Prudential Center and Mulberry Commons Park.; Strong commercial anchor tenant generating approximately $240,000 annually.
