276-290 New York Ave Newark, NJ 07105
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Specialty properties
Property Details for 276-290 New York Ave
- Property type
- Specialty properties
- Property subtype
- Mixed-use properties
Description
This exceptional Newark, NJ investment opportunity presents a rare assemblage of three buildings totaling 3,750 to 28,750 square feet on a 19,500 square foot lot. The property features an established banquet hall and restaurant with multiple rooms of varying capacities, a bar, and on-site parking for approximately 20 vehicles. An adjacent mixed-use building includes two three-bedroom apartments, each with a bonus room, and a separate retail space. The property sits on a high-visibility corner lot with 295 feet of frontage at the intersection of New York Avenue and Pulaski Street, offering significant street exposure. The C-2 (Community Commercial) zoning allows for a variety of uses, making this an ideal acquisition for a catering operator seeking expansion or an investor looking to reposition the property for alternative commercial or office applications. The banquet hall can be delivered vacant. This prime location offers easy access to Downtown Newark, Newark Liberty International Airport, and major roadways including Route 9, I-95, and I-78. The three-story buildings offer substantial space and potential for redevelopment or continued operation as a thriving mixed-use complex. This is a unique chance to acquire a well-positioned asset in a growing market.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1574
- Latitude
- 40.7246
