Mixed-Use Property with BBQ
473 Clinton Ave Newark, NJ 07108
473 Clinton Ave, Newark, NJ, 07108
$850,000
For Sale
$850,000
Well-rounded mixed-use building featuring a BBQ restaurant plus two apartments with 3 and 5 bedrooms.
Property Size4,500 SF
Price / SF$188.89
Days on Market505
Property Features for 473 Clinton Ave
General Information
- Standard status
- Active
- Size
- 4,500 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2010
Listing agency
BHHS JORDAN BARIS REALTY
(973) 736-1600
Listed by
ELLEN QUENTZEL
Source
Corcoran
Added: Mar 3, 2025 Updated: Jul 20 at 4:44PM Checked: Jul 21 at 5:52AM
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 BHHS JORDAN BARIS REALTY
Investment Insights
Based on property information with market context.
This mixed-use property includes a BBQ restaurant and two residential units. One apartment is a 3-bedroom layout, and the other is a 5-bedroom layout, creating flexible income opportunities within a single building.
The property is located at 473 Clinton Ave in Newark, NJ 07108. The seller also indicates a discount if the property is purchased together with another listing referenced as MLS 3967271.
The property is located at 473 Clinton Ave in Newark, NJ 07108. The seller also indicates a discount if the property is purchased together with another listing referenced as MLS 3967271.
Key Highlights
- Built in 2010 mixed‑use building with a BBQ restaurant and two apartments
- BBQ restaurant on‑site plus two residential units included in the property
- One apartment is a 3‑bedroom unit
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $114.5k | $25.44 |
| − Vacancy | −$5.5k | −$1.23 |
| EGI | $108.9k | $24.21 |
| − OpEx | −$32.7k | −$7.26 |
| NOI | $76.3k | $16.95 |
4,500 SF · lease $25.44/SF/yr · vacancy 4.84% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$1.38M
$1.21M – $1.61M
NOI $96,876 @ 7.0% cap · market cap 11.40%
Second Best
Multifamily LT 5
$1.09M
$953.2K – $1.27M
NOI $76,257 @ 7.0% cap · market cap 8.97%
Theoretical Best
Office A
$1.59M
$1.40M – $1.86M
NOI $111,609 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Roma seafood & PIZZA
Restaurant
Bachata & Merengue Restaurant
Restaurant
Don Felix Spanish ...
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Well-rounded mixed-use building featuring a BBQ restaurant plus two apartments with 3 and 5 bedrooms.
Where is this conventional restaurant located?
The property is located at 473 Clinton Ave Newark, NJ.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Built in 2010 mixed‑use building with a BBQ restaurant and two apartments; BBQ restaurant on‑site plus two residential units included in the property; One apartment is a 3‑bedroom unit
