Newark Investment
391 Hawthorne Ave Newark, NJ 07112
Turnkey property with rental income potential in Newark.
Type:Commercial
Property size:
4,500 SFLot size:
0.12 AcresPrice / SF:
$200/SF- Added:
- Mar 11, 2026
- Days on Market:
- 121
- Last Refresh:
- Jul 2 at 11:51 am
Property Features for 391 Hawthorne Ave
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Listing office (855) 450-0442
Listing date Mar 11, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
This property in Newark presents an investment opportunity. The building includes three units, two of which are currently rented out on a NNN lease with a right of renewal after five years. Each unit has separate utility meters, with water divided among the three units. The roof was replaced in 2021, and newer hot water heaters have been installed. Each 1,500-square-foot unit includes a 1,000-square-foot basement for storage. Unit 1 is occupied by a community grocery store. Unit 2 was originally occupied by a deli and includes a walk-in cooler, stove, and other equipment that may be available. Unit 3 is also occupied. The owner of the building has the option to expand with first right of refusal on buildings next to the property.
Key Highlights
- Potential for $7,000/month rental income with all three units rented.
- Two units are currently rented on NNN leases with five years remaining and a right of renewal.
- Each unit has its own basement providing an additional 1,000 sqft of storage space.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Turnkey property with rental income potential in Newark.
Where is this triplex located?
The property is located at 391 Hawthorne Ave Newark, NJ.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: Potential for $7,000/month rental income with all three units rented.; Two units are currently rented on NNN leases with five years remaining and a right of renewal.; Each unit has its own basement providing an additional 1,000 sqft of storage space.
