Restaurant Space with Full
For Lease
$3,000/Mo
40-42 Fleming Ave #42, Newark, NJ 07105
A full basement provides additional space for storage or business operations.
Space SizeContact for details
Property Size975 SF
Days on Market100
Property Features for 40-42 Fleming Ave #42
General Information
Standard status
Active
Size
975 SF
Zoning
RDV -
Site & Location
Neighborhood
Ironbound
Building Details
Building Size
975 SF
Year Built
1930
Units
1
Listing Agency:
Weichert Realtors - Home City
Listed By:
Augusto Verissimo · License #233455
(201) 293-6333
Source:
Cammarotarealestate
Added: Jul 17
Changed: Oct 22
Last Checked: Oct 22 at 2:27PM
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 Weichert Realtors - Home City
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Restaurant premises at 40-42 Fleming Ave #42 in Newark’s Ironbound neighborhood occupy a corner at Fleming Avenue and Lexington Street. The building dates to 1930 and includes a full basement that can serve as storage or operational space. The space was previously operated as a barbecue restaurant, and a long-term lease is available.
Key Highlights
- Corner location at Fleming Avenue and Lexington Street in Newark’s Ironbound neighborhood
- Full basement for storage or operational space
- Building constructed in 1930
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$5.54 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
1,863
Businesses Nearby
49k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 80%
Groceries 8%
Home Improvements & Furnishings 6%
Dining 5%
Capital One Bank
Shops & Services
16,640 visits/mo
0.5 miles
AutoZone
Shops & Services
9,499 visits/mo
0.4 miles
Dollar General
Shops & Services
5,604 visits/mo
0.2 miles
Advance Auto Parts
Shops & Services
5,207 visits/mo
0.4 miles
Met Food
Groceries
3,890 visits/mo
0.3 miles
Demographics for 07105, NJ
50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value
Market
Vacancy Rate% for Retail in Northeast region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - A full basement provides additional space for storage or business operations.
Where is this conventional restaurant located?
The property is located at 40-42 Fleming Ave #42 Newark, NJ.
What is the lease rate?
The lease rate is $3,000/Mo.
What are key features of this property?
This property features: Corner location at Fleming Avenue and Lexington Street in Newark’s Ironbound neighborhood; Full basement for storage or operational space; Building constructed in 1930
