441 Mount Prospect Ave, Newark, NJ 07104

Building Details

Year Built

9999

Listing agent JAMES ROSA

Listing office ROSA AGENCY R***@optonline.com Show Phone

Listing date May 21, 2025

Source Corcoran

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

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.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

• Map
• Local Demand

City

Newark

County

Essex

State

New Jersey

Longitude

-74.1696

Latitude

40.767

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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.