- For Sale Contact for pricing
- Property Type Retail
- Property Size 20,000 SF
- # of Floors 4
- Date Updated Apr 3, 2026
Description
100% OCCUPIED INVESTMENT PROPERTY IDEAL FOR 1031; STABILIZED INCOME
• Four (4) story 20,000 sf mixed use building • Masonry/brick construction • 10 Residential walk-up apartments • Long term commercial NNN medical tenant on 1st Fl • Separate entrances for commercial and residential tenants • Flat roof system
• Corner property at Mount Prospect Avenue & Elwood Avenue • Desirable neighborhood providing consistent occupancy • Strong in-place income stream • On-site parking lot INCLUDED • Located in Newark’s North Ward/Mount Prospect corridor • Short walk to NJT Newark Broad St. Station/ Light Rail/Bus; Quick commute to NYC (12 miles) • Nearby shopping/restaurants/medical center • Close proximity to major highways & Newark Airport
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Contacts
Newmark Associates
Location
Located at 638 Mount Prospect Avenue, Newark, NJ 07104, this property is part of the Forest Hill neighborhood and New Jersey market.
Newmark Associates
