Renovated Mixed-Use
For Sale
$549,000
587 S Orange Ave, Newark, NJ 07106
Two-level configuration combines leased commercial space with a renovated apartment and basement storage.
Property SizeContact for details
Days on Market16
Property Features for 587 S Orange Ave
General Information
Standard status
Active
Property subtype
Commercial
Zoning
C-2
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Units
Unit Mix
1 x 2BR
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$12,996
Amenities
Central air
2 Units Heating
Central Air Cooling
Flat Roof
Forced Hot Air Heating
On-Street Parking
Building Details
Year Built
1900
Year Renovated
2021
Listing Agency:
EPIQUE REALTY
(888) 393-3537
Listed By:
PINA PAGLIUCA
Source:
Corcoran
Added: Sep 12
Changed: Sep 26
Last Checked: Sep 26 at 7:07AM
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 EPIQUE REALTY
Investment Insights
Based on property information with market context.
This mixed-use property contains commercial space on the first floor and a two-bedroom apartment above. The residential unit was renovated in 2021, while the full unfinished basement provides additional storage area. A commercial tenant is in place with an existing lease, and the upper-level apartment adds a separate residential component to the property.
Located at 587 S Orange Ave in Newark, the property is within the C-2 Community Commercial and Residential Zone. The site offers access to major highways, public transportation, shopping, and neighborhood amenities. Originally built in 1900, the building combines commercial and residential space within a single property.
Located at 587 S Orange Ave in Newark, the property is within the C-2 Community Commercial and Residential Zone. The site offers access to major highways, public transportation, shopping, and neighborhood amenities. Originally built in 1900, the building combines commercial and residential space within a single property.
Key Highlights
- First‑floor commercial space with an established tenant and lease in place
- Second‑floor renovated two‑bedroom apartment
- Full unfinished basement for storage
Property Analytics
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Current Use
Lease Details
1
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,084
Businesses Nearby
Explore this area
Business Placement
Demographics for 07106, NJ
34,596
Population
13,633
Households
2.5
Avg Household Size
35
Median Age
18%
College-Educated
85%
High-School Grad
1.4 sq mi
ZIP Area
24,711
Density / Sq Mi
$48,105
Median Household Income
$34,820
Median Earnings
$1,221
Median Rent
$321,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level configuration combines leased commercial space with a renovated apartment and basement storage.
Where is this mixed-use property located?
The property is located at 587 S Orange Ave Newark, NJ.
What is the asking price?
The asking price for this property is $549,000.
What are key features of this property?
This property features: First‑floor commercial space with an established tenant and lease in place; Second‑floor renovated two‑bedroom apartment; Full unfinished basement for storage
