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Retail Space with Parking
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For Sale
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851 Mount Prospect Ave, Newark, NJ 07104

The space is described as suitable for professional or medical uses and offers parking for up to five cars.

Property Size1,600 SF
Price / SF$2.69
Days on Market2

Property Features for 851 Mount Prospect Ave

General Information

Standard status Active
Size 1,600 SF
Total Parking Spaces 5

Additional Details

Highway Access Yes
Listing Agency: RE/MAX PROFESSIONALS I
Listed By: CARMEN JIMENEZ · License #9911046
Source: Luminancerealty
Added: Oct 1 Last Checked: Oct 1 at 2:08PM

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 RE/MAX PROFESSIONALS I

Investment Insights

Based on property information with market context.

Retail space at 851 Mount Prospect Ave in Newark’s North Ward offers parking for as many as five cars. The property is near transportation to New York City, major highways, and shopping areas. Snow removal is the tenant’s responsibility.

Key Highlights

  • Parking available for up to 5 cars
  • Near transportation to NYC, major highways, and shopping areas
  • Professional and medical uses are identified as suitable

Property Analytics

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Current Use

Hortensia Kelly Pediatrician Underdog Mentality Basketball Gym & Fitness Center Nia Medical Center ... Medical Clinic

Suggested Use

Top Pick Real Estate Agency Law Firm Parking Lot & Garage (Bike/Boat/Book/etc) Store Tattoo & Piercing Shop Veterinary Clinic

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

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

1,433
Businesses Nearby
78k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 60% Dining 35% Home Improvements & Furnishings 5%
Dollar Tree Shops & Services
25,104 visits/mo 0.4 miles
Family Dollar Shops & Services
10,511 visits/mo 0.5 miles
Popeyes Louisiana Kitchen Dining
9,625 visits/mo 0.4 miles
7-Eleven Shops & Services
9,499 visits/mo 0.4 miles
Dunkin' Donuts Dining
7,803 visits/mo 0.5 miles

Demographics for 07104, NJ

54,051
Population
21,762
Households
2.5
Avg Household Size
35
Median Age
21%
College-Educated
71%
High-School Grad
2.5 sq mi
ZIP Area
21,620
Density / Sq Mi
$51,199
Median Household Income
$36,139
Median Earnings
$1,343
Median Rent
$337,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
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Frequently Asked Questions

What type of property is this?
Retail space - The space is described as suitable for professional or medical uses and offers parking for up to five cars.
Where is this retail space located?
The property is located at 851 Mount Prospect Ave Newark, NJ.
What are key features of this property?
This property features: Parking available for up to 5 cars; Near transportation to NYC, major highways, and shopping areas; Professional and medical uses are identified as suitable
More about this property
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