Property

Newark City, NJ 07105 72-74 Elm Road

72-74 Elm Road Newark City, NJ - Image 172-74 Elm Road Newark City, NJ - Image 272-74 Elm Road Newark City, NJ - Image 3
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72-74 Elm Road Newark City, NJ - Image 472-74 Elm Road Newark City, NJ - Image 572-74 Elm Road Newark City, NJ - Image 672-74 Elm Road Newark City, NJ - Image 772-74 Elm Road Newark City, NJ - Image 872-74 Elm Road Newark City, NJ - Image 972-74 Elm Road Newark City, NJ - Image 1072-74 Elm Road Newark City, NJ - Image 1172-74 Elm Road Newark City, NJ - Image 1272-74 Elm Road Newark City, NJ - Image 1372-74 Elm Road Newark City, NJ - Image 1472-74 Elm Road Newark City, NJ - Image 1572-74 Elm Road Newark City, NJ - Image 1672-74 Elm Road Newark City, NJ - Image 1772-74 Elm Road Newark City, NJ - Image 1872-74 Elm Road Newark City, NJ - Image 1972-74 Elm Road Newark City, NJ - Image 2072-74 Elm Road Newark City, NJ - Image 2172-74 Elm Road Newark City, NJ - Image 2272-74 Elm Road Newark City, NJ - Image 2372-74 Elm Road Newark City, NJ - Image 2472-74 Elm Road Newark City, NJ - Image 2572-74 Elm Road Newark City, NJ - Image 2672-74 Elm Road Newark City, NJ - Image 2772-74 Elm Road Newark City, NJ - Image 2872-74 Elm Road Newark City, NJ - Image 2972-74 Elm Road Newark City, NJ - Image 3072-74 Elm Road Newark City, NJ - Image 3172-74 Elm Road Newark City, NJ - Image 3272-74 Elm Road Newark City, NJ - Image 3372-74 Elm Road Newark City, NJ - Image 3472-74 Elm Road Newark City, NJ - Image 3572-74 Elm Road Newark City, NJ - Image 3672-74 Elm Road Newark City, NJ - Image 3772-74 Elm Road Newark City, NJ - Image 3872-74 Elm Road Newark City, NJ - Image 3972-74 Elm Road Newark City, NJ - Image 40
Presented By: KELLER WILLIAMS PARK VIEWS; 908-425-1875
  • MLS# 3994850
  • 10/27/2025
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  • Full/Half Baths • 0 / 6
  • SQFT • 10,000

Home Details

Exceptional Investment Opportunity " Fully Renovated Mixed-Use Building with Liquor License in North Ironbound!Turnkey mixed-use property ideally situated near Six Corners in Newark's vibrant Ironbound district. The building features a fully equipped restaurant and bar with valuable liquor license, plus three updated residential apartments above. Two units are 3BR/1BA and one is 2BR/1BA " all rented month-to-month and below market value, offering immediate upside potential.The restaurant and bar were completely renovated within the past year, showcasing new flooring, bar setup, furniture, hood system, three AC units, sound system, TVs, security cameras, and designer ceilings. Liquor license, operating licenses, and inventory (valued around $650,000) are included in the sale, adding significant business value.The restaurant space is vacant " perfect for an owner-operator or investor seeking strong income potential (market rent approx. $12,000/month NNN). Additional highlights include parking for 30 cars under a long-term lease and reasonable property taxes for the area.A rare chance to acquire a fully renovated, income-producing property with liquor license in one of Newark's most desirable and high-traffic commercial corridors.
Presented By: KELLER WILLIAMS PARK VIEWS; 908-425-1875

Interior Features for 72-74 Elm Road

Bedrooms

Num 4 Bed Units

Bathrooms

Num Units w/Full Bath3
Num Units w/Half Bath1
Half Baths6

Other Interior Features

Price Per Sq Ft362.50
Available Sq Ft10000
Num 3 Bdrm Units2
Num 2 Bdrm Units1
Num 1 Bdrm Units
BasementFull, Storage, Unfinished
FlooringConcrete, Tile, Wood
Fuel TypeGas-Natural
Total Stories3

General for 72-74 Elm Road

Cap Rate6.30
ConstructionBrick/Block, Formed Concrete
CoolingWindow A/C(s)
CountyEssex
Directions6 Corns to Elm Road
Documents AvailableFinancial Statement, Income & Expenses, Pro Forma
DriveNone, On-Street Parking
EasementNo
Equipment AvailableAppliances, Exhaust System, Fixtures, Handicapped Access, Refrigeration Unit, Restrooms - Private, Restrooms - Public, Storage Area(s)
Farm AssessmentNo
Garage Spaces
Gross Income224400
Heating4+ Units, Baseboard - Hotwater
Leasable Area
Lease IncludesSee Remarks, Sewer, Water
Lease InformationMonth-To-Month, Security Deposit Required
Lease TypeGross
LocationBusiness District, Corner, Residential Area
MaintenanceExpense
Net Operating Income183000
Num Apts3
Number Of Units Total5
Number of Amps200
Operating Expense41400
OwnerPaysSewer, Water
OwnershipFee Simple
PossessionAt Closing
Property TypeMixed Use, Restaurant/Bar, Store With Apartment
Property TypeMixedUse
RoofFlat, Rubberized
ServicesGarbage Extra Charge, Internet Available
SewerPublic Sewer
Standard StatusActive
StatusActive
Tax Annual Amount17879
Tax Assessed Value533100
Tax Lot21
Tax Year2024
Tenant PaysElectric, Gas
Town #1614
TownshipNewark City
UtilitiesElectric, Gas-Natural
Utilities Paid ByTenant
Year Built1950
ZoningMixed Use

Exterior for 72-74 Elm Road

Building Area Total10000
Exterior DescriptionBrick, ConcBrd
Lot Dimensions50x100
Lot FeaturesCorner, Level Lot
Max Ceiling Height12
Max Door Height8
Number of Bays0
Number of Docks0
Number of Doors0
Total Parking30
Water SourcePublic Water

Additional Details

Price History

Tina Torres

Broker/Owner
Price $2,900,000
MLS#3994850
List Date 10/27/2025
Property Type Commercial
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