136 Elm St , Newark City, Essex 07105-1703

  • $3,900,000

Description

Discover this exceptional income-producing commercial property situated prominently at the corner of Elm Street and Pacific Street in the heart of the vibrant Ironbound section of Newark. Located just 3 minutes from the Prudential Center and 5 minutes from Newark Penn Station, this mixed-use building offers unparalleled convenience and accessibility. The property features 10 total units, including 8 luxury residential apartments and 2 commercial storefronts. The residential layout includes one 1-bedroom, four 2-bedroom, and three 3-bedroom high-end apartments, all thoughtfully designed to appeal to discerning tenants. Each residential unit boasts an open-concept layout, seamlessly connecting the living room and eat-in kitchen, featuring sleek quartz countertops. These units also offer spacious bedrooms, modern bathrooms, and the convenience of an in-unit washer and dryer, with central air and forced hot air throughout. The ground floor hosts two well-established businesses: a charming flower shop and a popular restaurant, providing steady commercial income and neighborhood foot traffic. With modern finishes, a prime location, and high rental demand, this building presents a rare chance to own a well-maintained, turn-key property in one of Newark’s most desirable neighborhoods. This is a perfect opportunity for investors looking for both appreciation and consistent rental income.

  • Address: 136 Elm St
  • City: Newark City
  • State/county: Essex
  • Zip/Postal Code: 07105-1703

Details

Updated on May 27, 2025 at 11:37 pm
  • Property ID HZ3964131
  • Price $3,900,000
  • Property Size 5800 Sqft
  • Land Area 0.06 Acres
  • Garage Size x x
  • Year Built 1930
  • Property Status Active

Additional details

  • Roof Flat
  • Utilities Electric, Gas-Natural
  • Sewer Public Sewer
  • Cooling Central Air
  • Heating Forced Hot Air
  • County Essex
  • Property Type MixedUse

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