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468 18Th Ave Newark, NJ 07103

OFF-MARKET Retail properties & Spaces Google Maps
Estimated value
No estimation on file for this property yet.
Property ID

Property summary

AI-generated overview

This exceptional commercial property at 468 18th Avenue, Newark, NJ 07103, presents a lucrative investment opportunity. The 0.085-acre lot features a one-story building currently housing a thriving fried chicken restaurant and three additional fully occupied units on month-to-month leases, generating immediate rental income. The restaurant operates under a negotiable term lease. The second floor offers expansive, open space ideal for a variety of uses, including a training center, school, insurance office, or similar commercial enterprise. The property benefits from its strategic location near major highways, shopping centers, stadiums, and universities, ensuring excellent accessibility and high visibility. All major transportation options, including buses, shuttles, and trains, are readily available. The property is fully commercially zoned and can be delivered immediately. Showings are available Monday through Sunday, from 8:00 AM to 10:00 PM. Asking price is $849,000. This is a rare chance to acquire a multi-faceted commercial property in a high-demand Newark location with significant potential for growth and return on investment.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hair Salon Nail Salon

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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