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Mixed-Use Investment Opportunity, Newark City

441 Mount Prospect Ave Newark, NJ 07104

441 Mount Prospect Ave, Newark, NJ, 07104
$2,799,000
For Sale
$2,799,000

Mixed-use building with residential units and commercial storefronts in Newark.

Days on Market427

Property Features for 441 Mount Prospect Ave

General Information

Standard status
Active

Building Details

Year Built
9999
Listing agency ROSA AGENCY
Listed by JAMES ROSA
Source Corcoran
Added: May 21, 2025 Updated: Mar 16 at 9:09AM Checked: Mar 16 at 9:09AM

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 ROSA AGENCY


Investment Insights

Based on property information with market context.

This mixed-use building is located in a high-traffic business district. The property features 10 fully-leased residential units, comprising a mix of 1- and 2-bedroom apartments with strong rental histories. Additionally, there are 2 ground-level commercial storefronts that benefit from high visibility and foot traffic, suitable for retail, office, or service-based tenants. The property offers cash flow and long-term appreciation potential.

Key Highlights

  • Prime mixed‑use building in a high‑traffic business district.
  • 100% occupancy with 10 fully‑leased residential units and 2 ground‑level commercial storefronts.
  • Excellent cash flow and long‑term appreciation potential.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Alexandra Food Center Specialty Food Shop

Suggested Use

Real Estate Agency Parking Lot & Garage Skin Care Clinic (Bike/Boat/Book/etc) Store Law Firm (Bike/Boat/Book/etc) Store Acupuncture Veterinary Clinic (Bike/Boat/Book/etc) Store Pet Grooming Service

Zoning and permitted uses should be independently verified with local authorities.

FAQs

What type of property is this?
Mixed-use property - Mixed-use building with residential units and commercial storefronts in Newark.
Where is this mixed-use property located?
The property is located at 441 Mount Prospect Ave Newark, NJ.
What is the asking price?
The asking price for this property is $2,799,000.
What are key features of this property?
This property features: Prime mixed‑use building in a high‑traffic business district.; 100% occupancy with 10 fully‑leased residential units and 2 ground‑level commercial storefronts.; Excellent cash flow and long‑term appreciation potential.
Contact an agent
More about this property
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