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Renovated Mixed-Use Building
For Sale
$950,000

347 Avon Ave #4, Newark, NJ 07108

Four-unit property combines street-level commercial space, residential apartments, and on-street parking.

Property SizeContact for details
Days on Market104

Property Features for 347 Avon Ave #4

General Information

Standard status Active
Property subtype Commercial
Zoning RES

Additional Details

Multifamily Units 2

Building Details

Year Built 9999
Buildings 1
Stories 2
Units 4
Tenancy Multi
Listing Agency: Burgos Realty Company
Listed By: Joseph Burgos · License #247609
Source: Betterhomerealestate
Added: May 18 Changed: Aug 29 Last Checked: Aug 25 at 9:10AM

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 Burgos Realty Company

Investment Insights

Based on property information with market context.

This mixed-use building contains four units: two commercial spaces at street level and two residential apartments. The property has been fully renovated, and the units are described as tenant ready. An established tenancy is in place within the commercial component, while the apartments provide residential occupancy options.

The property is located at 347 Avon Ave, Unit 4, in Newark City, New Jersey. On-street parking is available, and the source information also identifies nearby transportation, shopping, and local amenities.

Key Highlights

  • Four‑unit mixed‑use configuration
  • Two street‑level commercial spaces
  • Two residential apartments

Property Analytics

Current Use

123 Air Heating ... Hardware & Home Improvement Lewis' Deli & Catering Food Market

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

2
Residential units
Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

1,417
Businesses Nearby
57k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 62% Groceries 25% Dining 9% Electronics 4%
Save-A-Lot Groceries
14,097 visits/mo 0.3 miles
Capital One Bank Shops & Services
11,738 visits/mo 0.5 miles
BP Shops & Services
9,073 visits/mo 0.3 miles
Family Dollar Shops & Services
7,531 visits/mo 0.3 miles
Family Dollar Shops & Services
7,314 visits/mo 0.3 miles

Demographics for 07108, NJ

28,715
Population
12,862
Households
2.2
Avg Household Size
32
Median Age
17%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
20,511
Density / Sq Mi
$33,960
Median Household Income
$30,336
Median Earnings
$1,098
Median Rent
$326,900
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Four-unit property combines street-level commercial space, residential apartments, and on-street parking.
Where is this mixed-use property located?
The property is located at 347 Avon Ave #4 Newark, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Four‑unit mixed‑use configuration; Two street‑level commercial spaces; Two residential apartments
More about this property
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