549 Orange Newark, NJ 07103

Listing office FLOROSTONE REALTY, INC. r***@florostone.com Show Phone

Listing date Aug 25, 2025

Source Corcoran

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Investment Insights

Based on property information with market context.

This mixed-use property, constructed in 2024, is located in Newark’s South Orange Avenue corridor. The building includes three apartments, each leased at $2,300 per month through 2027, generating a total monthly income of $6,900. The ground floor features a 1,132-square-foot retail unit and a 511-square-foot office suite. These commercial spaces are currently owner-occupied and are being marketed for lease. The property benefits from a 5-year tax abatement, starting at 0% in the first year and phasing to 80% by the fifth year. The building has approximately 3,779 square feet, central air conditioning, natural gas heat, sprinklers, fire alarms, underground utilities, and off-street parking. It is zoned C-2 and is near Rutgers, University Hospital, downtown Newark, transit options, and major highways. This property is suitable for investors or owner-users. The property is intended for long-term value. It offers stable income and growth potential.

Key Highlights

• Brand‑new (2024) mixed‑use property generating $6,900/month from three luxury apartments leased through 2027.
• Significant upside potential from leasing two ground‑floor commercial spaces (1,132 SF retail and 511 SF office).
• Benefit from a 5‑year tax abatement, starting at 0% in Year 1 and phasing to 80% by Year 5.

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FAQs

What type of property is this?

Mixed-use property - New construction mixed-use property with income and growth potential.

Where is this mixed-use property located?

The property is located at 549 Orange Newark, NJ.

What is the asking price?

The asking price for this property is $1,099,000.

What are key features of this property?

This property features: Brand‑new (2024) mixed‑use property generating $6,900/month from three luxury apartments leased through 2027.; Significant upside potential from leasing two ground‑floor commercial spaces (1,132 SF retail and 511 SF office).; Benefit from a 5‑year tax abatement, starting at 0% in Year 1 and phasing to 80% by Year 5.