Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    660 Mount Prospect Ave Newark, NJ 07104

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $1,250,000

    Fully leased mixed-use property in Newark's Forest Hills neighborhood.

    Property size:
    4,373 SF

    Property Features for 660 Mount Prospect Ave

    General Information

    Standard status
    Active
    Size
    4,373 SF

    Building Details

    Year built
    1940

    Source: RE/MAX VILLA REALTORS Agent RICARDO GARCIA

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

    Overview

    Mixed-Use Property in Forest Hills

    This fully leased mixed-use property is located in the Forest Hills section of Newark, New Jersey. The property has a size of 4373 square feet. Situated on a busy street, it offers convenient access to public transportation, shopping, restaurants, schools, parks, and other amenities. The property is currently generating monthly income, presenting an investment opportunity.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Caballo Blanco Supermarket Supermarket ATM Atm

    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
    -74.1664879
    Latitude
    40.7746372

    Nearby Similar for Sale

    • $569,000
      2,080 SF

      Renovated Newark Two-Family Home

      Fully renovated, vacant two-family home in Newark with high rental potential.
      366 Badger Ave, Newark, NJ 07112
      View Details
    • $4,000,000
      9,999 SF

      Newark City Commercial Investment Opportunity

      Commercial building in established Newark neighborhood, ideal for medical practices.
      461-467 Mount Prospect Ave, Newark, NJ 07104
      View Details
    • New
      $599,000
      3,732 SF

      Renovated Newark Multi-Family Home

      Fully renovated, vacant 2-family home with high rental potential.
      440 Summer Ave, Newark, NJ 07104
      View Details
    • $599,900

      Newark Three-Family Home For Sale

      Spacious three-family home with income potential in Newark, NJ.
      99 Alexander St, Newark, NJ 07106
      View Details
    • $599,900
      2,100 SF

      Spacious Three-Family Home in Newark

      Three-unit property with strong rental income potential near schools.
      99 Alexander St, Newark, NJ 07106
      View Details
    • $3,770,000
      9,120 SF

      Newark Multifamily Investment Opportunity

      Newly rebuilt, gut-renovated 14-unit apartment building in North Newark.
      155 Clifton Ave, Newark, NJ 07104
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Fully leased mixed-use property in Newark's Forest Hills neighborhood.
    Where is this mixed-use property located?
    The property is located at 660 Mount Prospect Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $1,250,000.
    What are key features of this property?
    This property features: - Fully leased mixed-use property generating monthly income.; - Located in the desirable Forest Hills section of Newark, NJ.; - Located on a busy street.
    Request Owner's contact information
    660 Mount Prospect Ave Newark, NJ 07104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    660 Mount Prospect Ave
    Newark, NJ 07104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    660 Mount Prospect Ave Newark, NJ 07104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.