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Mixed-Use Building with Warehouse
For Sale
$1,450,000

699-701 Frelinghuysen Ave #699, Newark, NJ 07114

A ground-floor cigar shop under an active lease accompanies vacant warehouse and office space and six second-floor residences.

Property Size11,650 SF
Price / SF$124.46
Days on Market73

Property Features for 699-701 Frelinghuysen Ave #699

General Information

Standard status Active
Size 11,650 SF
Total Parking Spaces 1
Property subtype Commercial
Zoning Commercial

Site & Location

Neighborhood Dayton

Tenancy & Operations

Currently Operating Yes
Tenant in Place Yes

Additional Details

Multifamily Units 6
Property Use Mixed-use commercial

Building Details

Building Size 11,650 SF
Buildings 1
Stories 2
Units 8
Listing Agency: Exp Realty, LLC
Listed By: Carlie Carreira · License #0454535
Source: Arcadiarealtors
Added: Aug 24 Changed: Nov 2 Last Checked: Nov 3 at 12:27PM

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 Exp Realty, LLC

Rey
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Investment Insights

Based on property information with market context.

This 11,650-square-foot mixed-use building combines several uses. The ground floor includes a cigar shop with an active lease, as well as a separate vacant warehouse with adjoining office space. Six residential units occupy the second floor.

The property is directly adjacent to the Lionsgate development at 699-701 Frelinghuysen Ave in Newark. Its zoning is Commercial.

Key Highlights

  • 11,650‑square‑foot mixed‑use building
  • Six residential units on the second floor
  • Ground‑floor cigar shop operating under an active lease

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Law Firm Dental Office Real Estate Agency Spa & Massage Center Skin Care Clinic Accounting Firm

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

6
Residential units

Location Intelligence

Trade Area within ½ mile

444
Businesses Nearby

Demographics for 07114, NJ

17,767
Population
4,694
Households
3.8
Avg Household Size
39
Median Age
9%
College-Educated
69%
High-School Grad
7.9 sq mi
ZIP Area
2,249
Density / Sq Mi
$34,167
Median Household Income
$35,916
Median Earnings
$616
Median Rent
$384,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Industrial in Northeast region

5.4% 2019
4.6% 2020
3.2% 2021
3.3% 2022
5.3% 2023
6.6% 2024
7.6% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - A ground-floor cigar shop under an active lease accompanies vacant warehouse and office space and six second-floor residences.
Where is this mixed-use property located?
The property is located at 699-701 Frelinghuysen Ave #699 Newark, NJ.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: 11,650‑square‑foot mixed‑use building; Six residential units on the second floor; Ground‑floor cigar shop operating under an active lease
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