468 18Th Ave Newark, NJ 07103
Property summary
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
VerifiedCap rate & NOI
Current use
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Hair Salon Nail Salon
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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