Mixed-Use Property in Newark Arena
218 Mulberry St Newark, NJ 07102
218 Mulberry St, Newark, NJ, 07102
$4,800,000
For Sale
$4,800,000
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 Market186
Property Features for 218 Mulberry St
General Information
- Standard status
- Active
- Size
- 39,500 SF
- Lot size
- 0.08 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1900
Listing Agency
EXP REALTY, LLC
(866) 201-6210
Listed by
HECTOR R. ROJAS
Source
Corcoran
Added: Jan 13 Checked: Jul 17 at 2:54 am
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
Location Intelligence
Current Use by Public Records
ATM Machine at Three ...
Atm
Three Levels Lounge ...
Bar & Pub
Empathy for Life Suboxone ...
Medical Clinic
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FAQs
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.
