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    699 Frelinghuysen Ave Newark, NJ 07114

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    For Sale
    $1,450,000

    Mixed-use building with retail and residential units in Newark.

    Property size:
    11,650 SF
    Lot size:
    0.10 Acres

    Property Features for 699 Frelinghuysen Ave

    General Information

    Standard status
    Active
    Size
    11,650 SF
    Lot size
    0.10 Acres

    Building Details

    Year built
    9999

    Source: EXP REALTY, LLC Agent CARLIE CARREIRA

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

    Overview

    Newark Mixed-Use Commercial Building

    This mixed-use building is located in a prime area of Newark, benefiting from high foot traffic, excellent visibility, and proximity to public transportation, major highways, and shopping centers. The property features a dynamic blend of commercial and residential spaces. The ground floor includes a cigar lounge and a spacious warehouse suitable for storage, logistics, or business operations. The building also contains six residential units, providing rental income and long-term investment potential. The property is located down the street from Lionsgate Studio development. The building offers versatility, income, and location.
    Location Intelligence

    Current Use by Public Records

    Charrua tire service Truck Repair Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1985847
    Latitude
    40.6975597

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use building with retail and residential units in 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 offering excellent accessibility and high foot traffic.; - Located down the street from Lionsgate Studio Development.; - Six income-producing residential units provide steady rental income.
    (866) 201-6210
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    Newark, NJ 07114
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    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
    699 Frelinghuysen Ave Newark, NJ 07114
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