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Mixed-Use Property with Storefronts
For Sale
Contact for pricing
Pending

860-870 Newark Avenue, Elizabeth, NJ 07208

Residential apartments and street-level commercial space are arranged within a fully leased corner property.

Property SizeContact for details
Days on Market143

Property Features for 860-870 Newark Avenue

General Information

Standard status Pending
Property subtype Mixed Use
Listing Agency: Rose Real Estate
Listed By: Lauren Federgreen · License #0897356
Source: Crexi
Added: Apr 12 Changed: Aug 30 Last Checked: Aug 30 at 11:46PM

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 Rose Real Estate

Investment Insights

Based on property information with market context.

Ragaa Plaza is a mixed-use building completed in 2006, combining six residential apartments with three commercial storefronts at street level. The apartments offer two bedrooms and two bathrooms each, along with individual forced-air heating and cooling systems. Utilities are separately metered for the residential units, and onsite parking serves the property.

The building occupies a corner position at 860-870 Newark Avenue in Elizabeth, New Jersey, within a dense, heavily traveled corridor near nationally recognized retailers. All residential and commercial spaces are leased, with established occupants in the storefronts. The property’s configuration brings together apartment and commercial uses in a single building.

Key Highlights

  • Six apartments and three street‑level commercial storefronts
  • Completed in 2006
  • Two bedrooms and two bathrooms in each apartment

Property Analytics

Current Use

Storefront properties

Suggested Use

Top Pick Kitchen & Bath Showroom (Bike/Boat/Book/etc) Store Computer & Electronic Repair Catering Service Veterinary Clinic Nursing Home

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

Location Intelligence

Trade Area within ½ mile

1,261
Businesses Nearby

Demographics for 07208, NJ

33,561
Population
12,958
Households
2.6
Avg Household Size
37
Median Age
21%
College-Educated
81%
High-School Grad
1.8 sq mi
ZIP Area
18,645
Density / Sq Mi
$61,873
Median Household Income
$36,373
Median Earnings
$1,364
Median Rent
$425,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Residential apartments and street-level commercial space are arranged within a fully leased corner property.
Where is this mixed-use property located?
The property is located at 860-870 Newark Avenue Elizabeth, NJ.
What are key features of this property?
This property features: Six apartments and three street‑level commercial storefronts; Completed in 2006; Two bedrooms and two bathrooms in each apartment
More about this property
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