Newark Mixed-Use Commercial
707 Frelinghuysen Ave Newark, NJ 07114
707 Frelinghuysen Ave, Newark, NJ, 07114
$1,999,000
Pending
For Sale
$1,999,000
Pending
Multi-use property in Newark's growing corridor with storefronts and warehouses.
Property Size7,450 SF
Lot Size0.10 Acres
Days on Market179
Property Features for 707 Frelinghuysen Ave
General Information
- Standard status
- Pending
- Size
- 7,450 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 20 Checked: Jul 17 at 3:54 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.
This commercial property is located in Newark, adjacent to the Lions Gate development. The property features three street-level commercial storefronts along Frelinghuysen Avenue, which benefits from high traffic and foot traffic. Additionally, the building includes two warehouse spaces with access from Foster Street, suitable for storage, distribution, or light industrial use. The property is situated in a rapidly developing area. The property size is 7450 square feet.
Key Highlights
- Prime location adjacent to the new Lions Gate development in a rapidly developing Newark corridor.
- Three street‑level commercial storefronts on high‑traffic Frelinghuysen Avenue, offering excellent visibility and foot traffic.
- Two warehouse spaces with access from Foster Street, suitable for storage, distribution, or light industrial use.
Local Financial Insights For Retail
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 | $223.5k | $30.00 |
| − Vacancy | −$20.3k | −$2.73 |
| EGI | $203.2k | $27.27 |
| − OpEx | −$60.9k | −$8.18 |
| NOI | $142.2k | $19.09 |
7,450 SF · lease $30.00/SF/yr · vacancy 9.10% · expense 30.00%
Alternative Uses
Best Use
Retail
$2.03M
$1.78M – $2.37M
NOI $142,213 @ 7.0% cap · market cap 7.11%
Second Best
Mixed Use
$1.70M
$1.48M – $1.98M
NOI $118,734 @ 7.0% cap · market cap 5.94%
Theoretical Best
Office A
$2.64M
$2.31M – $3.08M
NOI $184,775 @ 7.0% cap · market cap 9.24%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Multi-use property in Newark's growing corridor with storefronts and warehouses.
Where is this mixed-use property located?
The property is located at 707 Frelinghuysen Ave Newark, NJ.
What is the asking price?
The asking price for this property is $1,999,000.
What are key features of this property?
This property features: Prime location adjacent to the new Lions Gate development in a rapidly developing Newark corridor.; Three street‑level commercial storefronts on high‑traffic Frelinghuysen Avenue, offering excellent visibility and foot traffic.; Two warehouse spaces with access from Foster Street, suitable for storage, distribution, or light industrial use.
