218 Mulberry St, Newark, NJ 07102

Building Details

Year Built

1900

Listing agent HECTOR R. ROJAS

Listing office EXP REALTY, LLC h***@theeastcoastteam.com Show Phone

Listing date Jan 13, 2026

Source Corcoran

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Overview

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.

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Building Supply Nail Salon Gym & Fitness Center Auto Repair Shop

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

Location Insight

• Map
• Local Demand

City

Newark

County

Essex

State

New Jersey

Longitude

-74.1709

Latitude

40.7313

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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.