Three-Unit Retail Property with
391 HAWTHORNE AVE Unit 393 Newark, NJ 07112
391 HAWTHORNE AVE Unit 393, Newark, NJ, 07112
$900,000
For Sale
$900,000
Three separate retail units with individually metered utilities and basements for storage, with two units on NNN leases.
Property Size6,350 SF
Price / SF$141.73
Days on Market475
Property Features for 391 HAWTHORNE AVE Unit 393
General Information
- Standard status
- Active
- Size
- 6,350 SF
- Property subtype
- General Commercial
Listing agency
REAL
(855) 450-0442
Listed by
CAROLINA CAMPBELL
Source
Xome
Added: Apr 4, 2025 Updated: Jul 22 at 1:41AM Checked: Jul 22 at 3:52AM
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 REAL
Investment Insights
Based on property information with market context.
391-393 Hawthorne Ave is a retail property configured as three separate units, each with its own basement that provides additional storage space. Two of the three units are currently rented under NNN leases for the next five years, with a right of renewal after five years. Each unit pays its own utilities, and the meters are separated, with water divided by the three units. The roof was completed in 2021, and newer hot water heaters have been installed.
Unit 1 is occupied by a community grocery store. Unit 2 was originally occupied by Bragman’s Deli and is noted as having a walk-in cooler, stove, and other equipment that may be available. Unit 3 is currently occupied, though no further specifics were provided.
Each unit is described as having 1,500 square feet, plus a 1,000 square foot basement for storage. The owner also has an option to expand, with first right of refusal on buildings next to Bragman’s (389 & 395).
Unit 1 is occupied by a community grocery store. Unit 2 was originally occupied by Bragman’s Deli and is noted as having a walk-in cooler, stove, and other equipment that may be available. Unit 3 is currently occupied, though no further specifics were provided.
Each unit is described as having 1,500 square feet, plus a 1,000 square foot basement for storage. The owner also has an option to expand, with first right of refusal on buildings next to Bragman’s (389 & 395).
Key Highlights
- Three separate retail units at 391‑393 Hawthorne Ave with individually metered utilities
- Two of three units are rented on NNN leases with a right of renewal after five years
- Each unit pays its own utilities; water is divided among the three units
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Three separate retail units with individually metered utilities and basements for storage, with two units on NNN leases.
Where is this retail space located?
The property is located at 391 HAWTHORNE AVE Unit 393 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: Three separate retail units at 391‑393 Hawthorne Ave with individually metered utilities; Two of three units are rented on NNN leases with a right of renewal after five years; Each unit pays its own utilities; water is divided among the three units
