72-74 Elm Road , Newark City, Essex 07105-6839
- $2,900,000
- 10000 Sqft
72-74 Elm Road , Newark City, Essex 07105-6839
- $2,900,000
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.
Address
Open on Google Maps-
Address: 72-74 Elm Road
-
City: Newark City
-
State/county: Essex
-
Zip/Postal Code: 07105-6839
Details
Updated on October 27, 2025 at 6:33 pm-
Property ID HZ3994850
-
Price $2,900,000
-
Property Size 10000 Sqft
-
Garage Size x x
-
Year Built 1950
-
Property Status Active
Additional details
-
Roof Flat, Rubberized
-
Utilities Electric, Gas-Natural
-
Sewer Public Sewer
-
Cooling Window A/C(s)
-
Heating 4+ Units, Baseboard - Hotwater
-
Flooring Concrete, Tile, Wood
-
County Essex
-
Property Type MixedUse
Mortgage Calculator
-
Down Payment
-
Loan Amount
-
Monthly Mortgage Payment
-
Property Tax
-
Home Insurance
-
PMI
-
Monthly HOA Fees
