NJ
Essex
Newark City
07105
136 Elm St
136 Elm St, Newark City, NJ 07105
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Listing Type
Commercial/Industrial
Listing Status
active
31
$3,900,000

Home Details for 136 Elm St

Price
$3,900,000
Type
Commercial Sale
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1930
Lot size acres
0.06
County
Essex
Garage
Days on site
180
MLS Listing#
3964131
Property 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.

Property Features
  • Heating Information
    • Electric
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Central Air
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
  • Parking
    • On Street
Listing Courtesy: REAL - 855-450-0442
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Median Listing Price
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Median Square Feet
Market statistics compiled from data from Garden State MLS.
EXIT PLATINUM REALTY
200 Claremont Ave, Montclair, NJ 07042
John Johnson III
Franchisee
Office
973 746 4777
Agent
908 338 0639
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