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Four-Floor Mixed-Use Property
New
For Sale
$625,000

145 Summer Ave, Newark, NJ 07104

Four finished levels include two vacant units available for occupancy.

Property SizeContact for details
Days on Market6

Property Features for 145 Summer Ave

General Information

Standard status Active
Property subtype Multi Family

Taxes and HOA fees

Annual Taxes $9,481

Building Details

Year Built 1926
Stories 4
Units 3
Listing Agency: NJ Metro Group LLC
Listed By: BRENDAN DASILVA · License #1753996
Source: Elliman
Added: Oct 1 Last Checked: Oct 5 at 4:14PM

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 NJ Metro Group LLC

Investment Insights

Based on property information with market context.

This mixed-use property at 145 Summer Ave in Newark has four finished floors, with two units currently vacant. The building dates to 1926.

Walkability and transportation scores are 78 and 60, respectively; the bike score is 53.

Key Highlights

  • Four finished floors
  • Two vacant units
  • Walk Score: 78; Transit Score: 60; Bike Score: 53

Property Analytics

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Current Use

Yetty Grace Hair ... Hair Salon

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic (Bike/Boat/Book/etc) Store Tanning Salon Acupuncture Plumbing Service

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

Location Intelligence

Trade Area within ½ mile

1,767
Businesses Nearby
143k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 56% Dining 29% Groceries 8% Electronics 3%
Exxon Shops & Services
17,016 visits/mo 0.3 miles
AutoZone Shops & Services
13,201 visits/mo 0.4 miles
Food Fair Fresh Market Groceries
11,554 visits/mo 0.5 miles
Burger King Dining
11,362 visits/mo 0.4 miles
BP Shops & Services
10,746 visits/mo 0.1 miles

Demographics for 07104, NJ

54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four finished levels include two vacant units available for occupancy.
Where is this mixed-use property located?
The property is located at 145 Summer Ave Newark, NJ.
What is the asking price?
The asking price for this property is $625,000.
What are key features of this property?
This property features: Four finished floors; Two vacant units; Walk Score: 78; Transit Score: 60; Bike Score: 53
More about this property
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