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549 Orange St Newark, NJ 07103

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For Sale
$1,099,000

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

Property Features for 549 Orange St

General Information

Standard status
Active

Source: FLOROSTONE REALTY, INC. Agent RICARDO SOSA

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


Overview

Newark Mixed-Use Investment Opportunity

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.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

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

Location Insight

  • Map
  • Local Demand
City
Newark
County
Essex
State
New Jersey
Longitude
-74.1936123
Latitude
40.7544709

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 St 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.
More about this property
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