Mixed-Use Asset with Income
358 S Orange Ave Newark, NJ 07103
358 S Orange Ave, Newark, NJ, 07103
$1,300,000
For Sale
$1,300,000
Income-producing property with residential and retail units in Newark, NJ.
Property Size8,000 SF
Price / SF$162.50
Days on Market96
Property Features for 358 S Orange Ave
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Commercial
Listing Agency
MIG REAL ESTATE
(973) 771-5170
Listed by
OWANATE EREKEOSIMA
Source
Corcoran
Added: Apr 13 Checked: Jul 17 at 3:43 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 MIG REAL ESTATE
Investment Insights
Based on property information with market context.
This income-producing mixed-use asset features 6 residential units and 2 street-level retail spaces situated on a high-traffic corridor. The property benefits from strong in-place cash flow, with additional upside potential through lease-up and rent optimization. Select units offer below-market rents and vacancy, presenting a value-add opportunity for strategic repositioning. The efficient layout and separate utilities support streamlined operations and expense control. Retail frontage provides visibility and a diversified income stream. Located near major transportation, public transit, and neighborhood amenities, the property experiences consistent rental demand. The property is 8000 square feet. This asset is ideal for investors seeking a stabilized asset with near-term upside potential in a growing urban market.
Key Highlights
- Strong in‑place cash flow with additional upside through lease‑up and rent optimization.
- Income‑producing mixed‑use asset with 6 residential units and 2 street‑level retail spaces.
- Value‑add opportunity with below‑market rents and vacancy allowing for strategic repositioning.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Income-producing property with residential and retail units in Newark, NJ.
Where is this mixed-use property located?
The property is located at 358 S Orange Ave Newark, NJ.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Strong in‑place cash flow with additional upside through lease‑up and rent optimization.; Income‑producing mixed‑use asset with 6 residential units and 2 street‑level retail spaces.; Value‑add opportunity with below‑market rents and vacancy allowing for strategic repositioning.
