Commercial Sale in Newark City

$4,800,000

218 Mulberry St, 07102, Newark City

Commercial Sale for sale in Newark City, 218 Mulberry St, 07102

218 Mulberry St, 07102, Newark City

$4,800,000

7Bath
Type: Commercial Sale

Description

Price Adjustment to reflect a 6.25% CAP RATE. A rare opportunity to acquire a fully income-producing mixed-use property in the heart of Downtown Newark's Arena District, steps from the Prudential Center and Mulberry Commons Park. 218 Mulberry Street offers immediate cash flow with significant long-term upside in one of Newark's most active redevelopment corridors. The property features a strong commercial anchor tenant generating approximately $240, 000 annually, plus four residential units above, providing a diversified income stream with total annual income of approximately $349, 200 and a net operating income of approximately $291, 900. Operating expenses are low, tenants pay all utilities, and the property is owner-managed. All leases are month-to-month, offering incoming ownership flexibility to lock in long-term leases, optimize rents, or reposition the asset. Located within a major redevelopment zone surrounded by substantial public and private investment, the property is widely regarded as a strategic parcel in the continued transformation of Downtown Newark. Ideal for 1031 exchange buyers, long-term hold investors, value-add strategies, or assemblage-minded buyers seeking stable income today with meaningful future potential.

Location

218 Mulberry St, 07102, Newark City

Data

Object TypeCommercial Sale
Purchase Price$4,800,000
Living Space0 m²
Plot Size323.75 m²
Bathrooms7
Construction Year1900
ConditionNot specified
RoomsN/A

Energy Information

Heating TypeHeat Source: See Remarks, Heating Type: See Remarks
Primary Energy SourceN/A
Construction Year1900
Energy CertificateN/A
Final Energy DemandN/A
Certificate Valid UntilN/A
Energy Efficiency ClassN/A

Contact Agent

Listing Agent