199 Summer Ave, Newark, NJ 07104

Building Details

Year Built

1920

Listing agent JEANETTE RODRIGUEZ License #1757858

Listing office RE/MAX PROFESSIONALS I j***@verizon.net Show Phone

Listing date Jun 8, 2026

Source Corcoran

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

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Overview

This well-maintained two-unit mixed-use property combines a ground-floor commercial space with a fully rented residential unit on the second floor. The commercial space is occupied by a neighborhood grocery store under a lease with 12 years remaining and 3% annual rent increases. The business is not for sale. The second-floor unit includes 4 bedrooms, 1 full bathroom, and a den/office, and is currently rented on a month-to-month basis.

The property is located on a busy street with strong visibility and consistent foot traffic. It also offers convenient access to major highways, public transportation, shopping, and local amenities, supporting everyday neighborhood needs.

For investors or buyers seeking a turnkey mixed-use structure, the current setup provides immediate, income-generating occupancy: the grocery lease contributes steady commercial rent for the long term, while the residential unit’s month-to-month arrangement offers flexibility for future planning. Current rental income is $3,550/month for the commercial unit and $2,420.50/month for the residential unit. Annual taxes are reported at $9,573.61.

Suggested Use

Law Firm Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

• Map
• Local Demand

City

Newark

County

Essex

State

New Jersey

Longitude

-74.1718818

Latitude

40.7583441

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FAQs

What type of property is this?

Mixed-use property - Two-unit property with a leased ground-floor grocery and a rented 4-bedroom residence above.

Where is this mixed-use property located?

The property is located at 199 Summer Ave Newark, NJ.

What is the asking price?

The asking price for this property is $649,500.

What are key features of this property?

This property features: Two‑unit mixed‑use property built in 1920 with a leased ground‑floor commercial space and a rented residential unit above; Ground‑floor commercial: neighborhood grocery store tenant has 12 years remaining on the lease; NOT for sale; Commercial rent is $3,550/month with 3% annual rent escalations