Newark Mixed-Use Investment
699 Frelinghuysen Ave Newark, NJ 07114
699 Frelinghuysen Ave, Newark, NJ, 07114
$1,450,000
For Sale
$1,450,000
Mixed-use building with commercial and residential spaces in prime Newark.
Property Size11,650 SF
Lot Size0.10 Acres
Price / SF$124.46
Days on Market190
Property Features for 699 Frelinghuysen Ave
General Information
- Standard status
- Active
- Size
- 11,650 SF
- Lot size
- 0.10 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 9999
Listing Agency
EXP REALTY, LLC
(866) 201-6210
Listed by
CARLIE CARREIRA
Source
Corcoran
Added: Jan 7 Checked: Jul 16 at 7:42 am
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
Investment Insights
Based on property information with market context.
Located next to the new Lionsgate Studio development, this mixed-use commercial building in Newark presents an opportunity to own a property featuring a blend of commercial and residential spaces. The well-maintained building includes a cigar lounge on the ground floor, along with a spacious warehouse suitable for storage, logistics, or business operations. The property also features six residential units, providing rental income and long-term investment potential. Situated in a prime area of Newark, the property benefits from high foot traffic, visibility, and proximity to public transportation, major highways, and shopping centers. The property offers versatility, income, and location. The building's property size is 11650 square feet.
Key Highlights
- Prime Newark location next to the new Lionsgate Studio Development.
- Six income‑producing residential units provide steady rental income.
- Includes an established cigar lounge, offering a unique amenity.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $181.7k | $15.60 |
| − Vacancy | −$10.5k | −$0.90 |
| EGI | $171.2k | $14.70 |
| − OpEx | −$51.4k | −$4.41 |
| NOI | $119.8k | $10.29 |
11,650 SF · lease $15.60/SF/yr · vacancy 5.80% · expense 30.00%
Alternative Uses
Best Use
Retail
$3.18M
$2.78M – $3.71M
NOI $222,387 @ 7.0% cap · market cap 15.34%
Second Best
Mixed Use
$2.65M
$2.32M – $3.09M
NOI $185,672 @ 7.0% cap · market cap 12.80%
Theoretical Best
Office A
$4.13M
$3.61M – $4.82M
NOI $288,944 @ 7.0% cap · market cap 19.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Charrua tire service
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building with commercial and residential spaces in prime Newark.
Where is this mixed-use property located?
The property is located at 699 Frelinghuysen Ave 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: Prime Newark location next to the new Lionsgate Studio Development.; Six income‑producing residential units provide steady rental income.; Includes an established cigar lounge, offering a unique amenity.
