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Mixed-Use Duplex Investment Opportunity

502 Irvine Turner Blvd, Newark, NJ 07108

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For Sale

$345,000

Mixed-use duplex with commercial tenant and renovated apartment.

Type:Commercial

Property size:

2,500 SF

Lot size:

0.05 Acres

Price / SF:

$138/SF

HighLights

Mixed‑use duplex offers immediate income potential.
First floor commercial unit is tenant‑occupied with a long‑term lease (5 years remaining with a 10‑year option).
Commercial tenant provides a current rental income of $1,550 per month.
Upstairs 3 BR, 1 bath apartment is renovated and vacant, ready for leasing.
Convenient location with close proximity to 78.
Motivated seller.

We can help!

Listing Contact

KELLI FISHBEIN

For Sale

$345,000

Mixed-use duplex with commercial tenant and renovated apartment.

Type:Commercial

Property size:

2,500 SF

Lot size:

0.05 Acres

Price / SF:

$138/SF

Added:: Mar 7, 2025
Days on Market:: 466
Last Refresh:: Apr 5 at 9:18 pm

Property Features for 502 Irvine Turner Blvd

General Information

Standard status: Active
Size: 2,500 SF
Lot size: 0.05 Acres
Property subtype: Commercial

We can help!

Listing Contact

KELLI FISHBEIN

Listing agent KELLI FISHBEIN License #1328646

Listing office KELLER WILLIAMS REALTY

Listing date Mar 7, 2025

Source Corcoran

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 KELLER WILLIAMS REALTY

HighLights

Mixed‑use duplex offers immediate income potential.
First floor commercial unit is tenant‑occupied with a long‑term lease (5 years remaining with a 10‑year option).
Commercial tenant provides a current rental income of $1,550 per month.
Upstairs 3 BR, 1 bath apartment is renovated and vacant, ready for leasing.
Convenient location with close proximity to 78.
Motivated seller.

Overview

This mixed-use duplex features a tenant-occupied first-floor commercial unit with 5 years remaining on a 15-year lease, including a 10-year option, generating $1,550 in monthly rent. The property also includes a renovated vacant 3-bedroom, 1-bath apartment ready for lease. The property size is 2500 square feet. Located in close proximity to 78, this property presents a great investment opportunity.

Property Profile Location Intelligence

Current Use by Public Records

Lion Superkmarket Specialty Food Shop Hunan Tasty Restaurant

Suggested Use

Location Insight

Map
Local Demand

City: Newark
County: Essex
State: New Jersey
Longitude: -74.1958
Latitude: 40.7166

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For sale
Mixed-use properties
NJ
Newark
07108
502 Irvine Turner Blvd

What type of property is this?

Mixed-use property - Mixed-use duplex with commercial tenant and renovated apartment.

Where is this mixed-use property located?

The property is located at 502 Irvine Turner Blvd Newark, NJ.

What is the asking price?

The asking price for this property is $345,000.

What are key features of this property?

This property features: Mixed‑use duplex offers immediate income potential.; First floor commercial unit is tenant‑occupied with a long‑term lease (5 years remaining with a 10‑year option).; Commercial tenant provides a current rental income of $1,550 per month.