Turnkey Restaurant and
246 Mulberry St, Newark, NJ 07102
New
Commercial - Newark City, NJ
Property size:
1,806 SFLot size:
0.05 AcresPrice / SF:
$387/SF- Added:
- Jun 18, 2026
- Days on Market:
- 2
- Last Refresh:
- Jun 19 at 12:06 am
Property Features for 246 Mulberry St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Commercial
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 1,806 SF
- Lot size
- 0.05 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 7398
Utilities
- Heating system
- Forced Air
- Cooling system
- Central Air
Building Details
- Year built
- 1950
- Floors in Building
- 1
- Number of units
- 1
- Flooring type
- Linoleum, Vinyl
- Roof type
- Flat
- Architectural style
- Other
Listing agent DEAN CLARK (866) 201-6210
Listing office EXP REALTY, LLC 28 VALLEY ROAD, Montclair, NJ (866) 201-6210
Listing date Jun 18, 2026
MLS# 4035399
Listing URL
Copyright © 2026 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 1,800 SF commercial property with a main lounge and back‑of‑house setup
- Year built 1950; flat roof; basement included
- Central air with forced‑air heating
- Interior features linoleum and vinyl flooring with brick feature walls and textured masonry
- Dry bar includes slatted‑wood facade and glass shelving; includes leather booths
- Two private bathrooms plus a stainless steel‑lined prep kitchen with multi‑compartment sink and refrigeration space; enclosed patio
Overview
This turnkey commercial property is approximately 1,806 square feet and is arranged in a linear layout from the main lounge into a back-of-house prep and service area. The interior features marble-patterned flooring, brick feature walls, and textured masonry. A prominent dry bar anchors the lounge with a slatted-wood facade and glass shelving, and the seating area includes premium leather booths. There are two private bathrooms serving the front-of-house. Behind the scenes, the setup includes a functional prep kitchen with stainless steel lining, a multi-compartment sink, dedicated glassware shelving, and refrigeration space.
The property is located in a redevelopment zone and presented as a complete operating concept. An enclosed patio at the rear of the building provides an additional private outdoor setting, extending the usable experience beyond the interior lounge.
For operators looking for a ready-to-launch restaurant and lounge configuration, the combination of front-of-house seating, dedicated back-of-house prep, and a secured enclosed patio supports a cohesive dining and service flow. The space is zoned for commercial use, offering a straightforward fit for a hospitality-driven tenant seeking an established layout designed to manage both guest areas and kitchen operations within one footprint.
The property is located in a redevelopment zone and presented as a complete operating concept. An enclosed patio at the rear of the building provides an additional private outdoor setting, extending the usable experience beyond the interior lounge.
For operators looking for a ready-to-launch restaurant and lounge configuration, the combination of front-of-house seating, dedicated back-of-house prep, and a secured enclosed patio supports a cohesive dining and service flow. The space is zoned for commercial use, offering a straightforward fit for a hospitality-driven tenant seeking an established layout designed to manage both guest areas and kitchen operations within one footprint.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $56.3k | $31.20 |
| − Vacancy | −$4.5k | −$2.50 |
| EGI | $51.8k | $28.70 |
| − OpEx | −$13.0k | −$7.18 |
| NOI | $38.9k | $21.53 |
1,806 SF · lease $31.20/SF/yr · vacancy 8.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$555.4K
$486.0K – $648.0K
NOI $38,880 @ 7.0% cap · market cap 5.55%
Second Best
Industrial
$265.4K
$232.2K – $309.6K
NOI $18,578 @ 7.0% cap · market cap 2.65%
Theoretical Best
Office A
$639.9K
$559.9K – $746.6K
NOI $44,793 @ 7.0% cap · market cap 6.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Western Affordable Dentistry
Dental Office
Taylour Peighton Lounge
Bar & Pub
Similar Places Nearby
- Three Friends Tavern — 198 McWhorter St Apartment 1, Newark, NJ 07105
- The Boulevard — 335 Mulberry St, Newark, NJ 07102
- Club Portuguese Barra — 303 lafayette st, newark, nj 07105
- Oasis Bar & Restaurant — 184 Elm St, Newark, NJ 07105
- The Garden Lounge on — 51 Pacific St Apartment 1, Newark, NJ 07105
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.17162
- Latitude
- 40.73052
Nearby Similar for Sale
FAQs
What type of property is this?
Bar & Pub - Turnkey restaurant built with a linear lounge-to-back-of-house layout and enclosed patio for private outdoor dining.
Where is this bar & pub located?
The property is located at 246 Mulberry St Newark, NJ.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 1,800 SF commercial property with a main lounge and back‑of‑house setup; Year built 1950; flat roof; basement included; Central air with forced‑air heating
