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Renovated Grocery and Deli
For Sale
Contact for pricing
Pending

364 15th Ave, Newark, NJ 07103

Operating food-retail business includes equipment, inventory, and a finished basement with prep and storage areas.

Property SizeContact for details
Days on Market143

Property Features for 364 15th Ave

General Information

Standard status Pending
Property subtype Retail, Industrial

Additional Details

Business Included Yes

Amenities

finished basement
prep station
office space
storage area
bathroom
Listing Agency: Exit Platinum Realty
Listed By: Sherie Hinnant · License #NJ
Source: Crexi
Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 12:32AM

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 Exit Platinum Realty

Investment Insights

Based on property information with market context.

This operating grocery and deli business has been renovated and is offered with the assets needed for continued operation. The sale includes appliances, a 7-tray steam table, kitchen and store equipment, display fixtures, inventory, security cameras, an alarm system, digital menu boards, televisions, and telephones.

A finished basement expands the working layout with a prep station, office, storage area, and bathroom. The business is situated near 3 schools, a hospital, churches, and a community complex. Downtown Newark and Penn Station are both described as a 10 min ride away, providing access to established local destinations and transportation connections.

Key Highlights

  • Renovated grocery and deli business currently in operation
  • Sale includes appliances, equipment, displays, inventory, security cameras, alarm, digital menu boards, TVs, and telephones
  • 7 tray steam table included

Property Analytics

Current Use

Grocery and convenience stores

Suggested Use

Top Pick Carpet & Flooring Store (Bike/Boat/Book/etc) Store Nursing Home Pet Grooming Service Law Firm Tattoo & Piercing Shop

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

Turnkey business
Opportunity

Location Intelligence

Trade Area within ½ mile

2,580
Businesses Nearby
338k
Monthly Visits Nearby
Balanced
Demand for This Use

Foot Traffic Nearby

Dining 41% Shops & Services 22% Groceries 21% Home Improvements & Furnishings 15%
ShopRite Groceries
69,926 visits/mo 0.4 miles
The Home Depot Home Improvements & Furnishings
49,259 visits/mo 0.4 miles
McDonald's Dining
28,705 visits/mo 0.4 miles
Wendy's Dining
23,955 visits/mo 0.4 miles
Dunkin' Donuts Dining
20,567 visits/mo 0.3 miles

Demographics for 07103, NJ

39,439
Population
13,832
Households
2.9
Avg Household Size
30
Median Age
21%
College-Educated
81%
High-School Grad
2.2 sq mi
ZIP Area
17,927
Density / Sq Mi
$42,397
Median Household Income
$34,278
Median Earnings
$1,289
Median Rent
$259,300
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
Rey
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Similar Off Market Nearby

  • X Supermarket 421 Bergen St, Newark, NJ 07108
  • Fox Supermarket Inc 162 Irvine Turner Blvd, Newark, NJ 07103
  • Tavares Supermarket LLC 257 Springfield Ave, Newark, NJ 07103
  • New Neighborhood Supermarket 48 Irvine Turner Blvd, Newark, NJ 07103
  • Casey's Grocery 489 S 10th St, Newark, NJ 07103

Frequently Asked Questions

What type of property is this?
Grocery and convenience store - Operating food-retail business includes equipment, inventory, and a finished basement with prep and storage areas.
Where is this grocery and convenience store located?
The property is located at 364 15th Ave Newark, NJ.
What are key features of this property?
This property features: Renovated grocery and deli business currently in operation; Sale includes appliances, equipment, displays, inventory, security cameras, alarm, digital menu boards, TVs, and telephones; 7 tray steam table included
More about this property
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