218 Mulberry St Newark, NJ 07102
Income-producing mixed-use property near Prudential Center with redevelopment potential.
Property size:
39,500 SFLot size:
0.08 AcresProperty Features for 218 Mulberry St
General Information
- Standard status
- Active
- Size
- 39,500 SF
- Lot size
- 0.08 Acres
Building Details
- Year built
- 1900
Source:
Corcoran
Listing Agency: EXP REALTY, LLC Listing Agent: Hector R. Rojas
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Mixed-Use Property in Newark Arena District
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.
Location Intelligence
Current Use by Public Records
ATM Machine at Three ...
Atm
Three Levels Lounge ...
Bar & Pub
Empathy for Life Suboxone ...
Medical Clinic
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1709116
- Latitude
- 40.7313333
Nearby Similar for Sale
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 $5,800,000.
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.
