Newark Mixed-Use Investment
For Sale
$849,900
Pending
47 Fleming Ave, Newark, NJ 07105
Mixed-use property with commercial and residential units in Newark.
Property SizeContact for details
Lot Size0.06 Acres
Days on Market265
Property Features for 47 Fleming Ave
General Information
Standard status
Pending
Lot size
0.06 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$13,800
Amenities
Central air
3 Units Cooling
3 Units Heating
Flat Roof
Forced Hot Air Heating
On-Street Parking
Wall A/C Unit(s) Cooling
Building Details
Year Built
1950
Listing Agency:
RE/MAX PROFESSIONALS I
(973) 450-4000
Listed By:
CHRISTOPHER STEAD · License #409485
(732) 501-0841
Source:
Corcoran
Added: Dec 13, 2025
Changed: Aug 8
Last Checked: Jul 23 at 7:28AM
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 RE/MAX PROFESSIONALS I
Investment Insights
Based on property information with market context.
This mixed-use property in Newark offers an investment opportunity within the RDV Redevelopment Plan Area. The property includes a bar/restaurant on the first floor with a long-term tenant, providing consistent income. Additionally, there are two updated residential apartments with rental potential. The location provides access for commuters to New York City, making the apartments desirable to renters. The property can be purchased together with the adjacent property at 45 Fleming St, which adds three additional rental units. This creates a multi-building portfolio opportunity. This property is suited for investors seeking cash-flowing Newark properties, redevelopment upside, or long-term appreciation in a rapidly improving corridor.
Key Highlights
- Consistent income from established bar/restaurant tenant.
- Two updated residential apartments with strong rental potential.
- Prime location with excellent NYC commuter access.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,863
Businesses Nearby
49k
Monthly Visits Nearby
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Mixed-use property with commercial and residential units in Newark.
Where is this mixed-use property located?
The property is located at 47 Fleming Ave Newark, NJ.
What is the asking price?
The asking price for this property is $849,900.
What are key features of this property?
This property features: Consistent income from established bar/restaurant tenant.; Two updated residential apartments with strong rental potential.; Prime location with excellent NYC commuter access.
