Retail Property with Income
391 Hawthorne Ave, Newark, NJ 07112
Commercial - Newark City, NJ
Property size:
6,350 SFLot size:
0.12 AcresPrice / SF:
$141/SF- Added:
- Jul 16, 2025
- Days on Market:
- 315
- Last Refresh:
- May 26 at 2:06 pm
Property Features for 391 Hawthorne Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- 4A
- Rooms
- Basement
- Basement Y/N
- 1
- Standard status
- Active
- Size
- 6,350 SF
- Lot size
- 0.12 Acres
Taxes and HOA fees
- Tax Year
- 2023
- Tax Annual Amount
- 14574
Utilities
- Cooling system
- Central Air
Building Details
- Floors in Building
- 1
- Number of units
- 3
- Flooring type
- Laminate
- Architectural style
- Other
Listing agent CAROLINA CAMPBELL
Listing office REAL 165 PASSAIC AVE, Haddon Township, NJ (855) 450-0442
Listing date Jul 16, 2025
MLS# 3975573
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
- High Income Potential: Potential to generate $7,000/month in rental income.
- Long‑Term Leases: Two of three units are rented for the next five years on a NNN lease with renewal options.
- Separately Metered Utilities: Each unit pays its own utilities, with separate meters, simplifying management.
- Substantial Unit Size: Each unit offers 1,500 sqft of living space, plus an additional 1,000 sqft of basement storage.
- Recent Upgrades: Roof replaced in 2021 and newer hot water heaters installed.
- Expansion Opportunity: Owner has the first right of refusal to purchase adjacent buildings (389 & 395).
Overview
Located in Newark City, this retail property at 391-393 Hawthorne Ave presents an opportunity for investors. The property features three units, two of which are currently rented out on a NNN lease with a right of renewal after five years. Each unit is 1,500 square feet and includes a 1,000-square-foot basement for storage. Each unit has separate utility meters, with water divided among the three units. Unit 1 is occupied by a community grocery store, while Unit 2 was originally occupied by Bragman's Deli and includes a walk-in cooler and stove; other equipment may be available. Unit 3 is also occupied. The roof was replaced in 2021, and newer hot water heaters have been installed. The owner has the option to expand with the first right of refusal on the buildings next to Bragman's (389 & 395). The property's lot size is 0.12 acres, and the total property size is 6,350 square feet. The zoning is 4A.
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places Nearby
- Lion Superkmarket — 502 Irvine Turner Blvd #4, Newark, NJ 07108
- New Queens Supermarket — 776 Bergen St, Newark, NJ 07108
- Town Plaza Supermarket — 412 Elizabeth Ave, Newark, NJ 07112
- Martinez Stop One Super Market — 643 Elizabeth Ave, Newark, NJ 07112
- Cayce Foods — 457 Frelinghuysen Ave, Newark, NJ 07114
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.20994
- Latitude
- 40.71813
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Retail property in Newark City with existing tenants and expansion options.
Where is this grocery and convenience store 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: High Income Potential: Potential to generate $7,000/month in rental income.; Long‑Term Leases: Two of three units are rented for the next five years on a NNN lease with renewal options.; Separately Metered Utilities: Each unit pays its own utilities, with separate meters, simplifying management.
