549 Orange Newark, NJ 7103
New construction mixed-use property with income and growth potential.
Type:Commercial
- Added:
- Aug 25, 2025
- Days on Market:
- 243
- Last Refresh:
- Apr 5 at 8:49 pm
Property Features for 549 Orange
General Information
- Standard status
- Active
- Property subtype
- Commercial
Listing agent RICARDO SOSA
Listing office FLOROSTONE REALTY, INC. (908) 445-5339
Listing date Aug 25, 2025
Source Corcoran
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All listing content including descriptions, pricing, images are the copyrighted material of FLOROSTONE REALTY, INC.
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1936
- Latitude
- 40.7545
Nearby Similar for Sale
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.
