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Active
72 Elm Rd Newark City, NJ 07105
4,500 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 4,500 sqft
Price per Sqft $533
MLS Listing ID 4058707
Annual Tax Amount $29,172
Tax Year 2025
Lot Size 4,791 Sqft
Property Sub-Type Mixed Use
Property Description
Income-producing mixed-use property in Newark's North Ironbound. The building offers approximately 10,000 square feet, including approximately 4,500 square feet of ground-floor commercial space currently operated as a restaurant/bar, plus three residential apartments. All three apartments are occupied by month-to-month tenants and offer future rental upside. Renovated in 2023 with updated systems and improvements. Convenient location near Ferry Street, Newark Penn Station, Downtown Newark, established restaurants, retail and residential development. Suitable for an owner-user or investor seeking commercial and residential income.
Location
State NJ
County Essex
Zoning MX-1
Rooms
Basement Finished
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Equipment Appliances, Exhaust System, Fixtures, Kitchen Area, Refrigeration Unit, Restrooms - Public
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block, Vinyl Siding
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by NEW AND MODERN GROUP