Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
Seize a rare opportunity to own a brand-new, cash-flowing mixed-use property in Newark’s South Orange Avenue corridor! Built in 2024, 549 S Orange Ave delivers $6,900/month from three luxury apartments, each leased at $2,300/month on secure 3-year terms through 2027. The ground floor offers two versatile commercial spaces — a 1,132 SF retail unit and a 511 SF office suite — currently owner-occupied and actively marketed for lease, creating immediate upside potential. Investors also benefit from a 5-year tax abatement (0% Year 1, phasing to 80% by Year 5), keeping operating costs low and boosting returns. With ~3,779 SF, central air, natural gas heat, sprinklers, fire alarms, underground utilities, and off-street parking, this turnkey investment is designed for long-term value. Zoned C-2 and ideally positioned near Rutgers, University Hospital, downtown Newark, transit, and major highways, it’s perfect for investors or owner-users seeking stable income today and growth tomorrow. Offered at $1,299,000 — don’t miss this rare chance to secure a new-construction, income-producing asset in one of Newark’s fastest-growing markets!
Features & Amenities
Interior
-
Total Bedrooms
N/A
-
Bathrooms
N/A
-
Cooling YN
YES
-
Cooling
Central Air, Gas
-
Heating YN
YES
-
Heating
Central, Natural Gas
-
Pet friendly
N/A
Exterior
-
Garage
No
-
Pool
No
Area & Lot
-
Property Type
Commercial Sale
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Property Sub Type
Retail
Price
-
Sales Price
$1,099,000
-
Sq. Footage
N/A
-
Price/SqFt
N/A
HOA
-
Association
No
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Ownership
Private
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Location
County
ESSEX
Elementary School
Middle School
High School
Listing Courtesy of Ricardo Sosa , FloroStone Realty, Inc.
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