NJ > Newark City
Newark City, NJ 07105,72-74 Elm Road
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Newark City, NJ 07105,72-74 Elm Road
Newark City, NJ 07105,72-74 Elm Road
Newark City, NJ 07105,72-74 Elm Road
Newark City, NJ 07105,72-74 Elm Road
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Ryan Skove, ABR, SRS

Ryan Skove, ABR, SRS

+1(732) 365-0265
$ 2,900,000
Est. payment /mo
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72-74 Elm Road Newark City, NJ 07105

10,000 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $290

MLS Listing ID 3994850

Year Built 1950

Annual Tax Amount $17,879

Tax Year 2024

Property Sub-Type Mixed Use

Property Description

Exceptional Investment Opportunity " Fully Renovated Mixed-Use Building with Liquor License in North Ironbound!Turnkey mixed-use property ideally situated near Six Corners in Newark's vibrant Ironbound district. The building features a fully equipped restaurant and bar with valuable liquor license, plus three updated residential apartments above. Two units are 3BR/1BA and one is 2BR/1BA " all rented month-to-month and below market value, offering immediate upside potential.The restaurant and bar were completely renovated within the past year, showcasing new flooring, bar setup, furniture, hood system, three AC units, sound system, TVs, security cameras, and designer ceilings. Liquor license, operating licenses, and inventory (valued around $650,000) are included in the sale, adding significant business value.The restaurant space is vacant " perfect for an owner-operator or investor seeking strong income potential (market rent approx. $12,000/month NNN). Additional highlights include parking for 30 cars under a long-term lease and reasonable property taxes for the area.A rare chance to acquire a fully renovated, income-producing property with liquor license in one of Newark's most desirable and high-traffic commercial corridors.

Location

State NJ

County Essex

Zoning Mixed Use

Rooms

Basement Full, Storage, Unfinished

Interior

Heating Gas-Natural

Cooling Window A/C(s)

Flooring Concrete, Tile, Wood

Equipment Appliances, Exhaust System, Fixtures, Handicapped Access, Refrigeration Unit, Restrooms - Private, Restrooms - Public, Storage Area(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Brick, ConcBrd

Garage Spaces 30.0

Utilities Available Electric, Gas-Natural

Roof Type Flat, Rubberized

Building

Lot Description Corner, Level Lot

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by KELLER WILLIAMS PARK VIEWS
Ryan Skove, ABR, SRS

Ryan Skove, ABR, SRS

Broker Associate | License ID: 2186472

+1(732) 365-0265

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72-74 Elm Road