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294 Park Ave Newark, NJ $ 650,000
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$ 650,000 Get more info
294 Park Ave
$ 650,000
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Recently Listed
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294 Park Ave

Newark, NJ, 07107
$ 650,000
Bedrooms-- Baths-- Sq 2,139

Monthly Estimate*

$ 4,002

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Commercial Property for sale in Newark, NJ

for $650,000. This 2,139 square foot building was built in 2001 on a lot size of 0.05.

Prime Mixed-Use Opportunity on Busy Park Avenue Corridor. Don't miss this exceptional opportunity to own a versatile mixed-use property suited for both investors and owner-operators looking to start or expand their business. Strategically located on a high-traffic corridor near the Park Avenue Light Rail Station and just moments from Branch Brook Park, this property offers outstanding visibility and accessibility. The first floor features a fully equipped BBQ restaurant, ready for immediate operation, along with a basement that provides additional storage and utility space. The second floor offers a well-maintained three-bedroom apartment in excellent condition, featuring hardwood floors and HVAC, making it ideal for owner-occupancy or rental income. Perfect for generating multiple income streams while building long-term value in a thriving location

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Commercial Active

Price

$ 650,000

Property Type

Commercial

Taxes

$ 10,853

Style

Store With Apartment

Lot Size

0.05

Year Built

2001

Town/City

Newark

County/Region

Essex

MLS | Web ID

4020187
Features
General
Sewer Public Sewer
Construction Brick/Block
Heating 2 Units Forced Hot Air
Cooling 2 Units Central Air
Utilities Electric Gas-Natural
Possession at closing
Roof Flat
Zoning 4A
Garage Spaces 0
Year Built 2001
Township Newark City
Property Type Restaurant Store With Apartment Store With Apartment
Tax Year 2025
Ownership Fee Simple
Location Residential Area
Gross Income 0
County Essex
Net Operating Income 0
Operating Expense 0
MaintenanceExpense 0
Subdivision Name North
Status Active
Directions Off Bloomfield Ave to Park Avenue
Number Of Units Total 0
Tax Annual Amount 10853
Drive On-Street Parking
Leasable Area 2139
Standard Status Active
Tax Assessed Value 271400
Town # 1614
Tax Lot 81
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Interior
Basement Full Walkout
Flooring Tile Wood
Fuel Type Electric Gas-Natural
Total Stories 2
Half Baths 0
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Exterior
Lot Features Level Lot
Water Source Public Water
Total Parking 0
Exterior Description Brick/Block Vinyl Siding
Building Area Total 2139
Lot Dimensions 20.3X105.3
Lot Size Acres 0.05
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* Excluded Features
List By
Augusto Verissimo

Listing Agent

Newark - Weichert, Realtors® - Home City

Broker

Affordability Calculator

$4,907
Per Month
82%
18%
0%
Monthly Principal & Interest
$4,002
Monthly Property Taxes
$904
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
4/13/2026$650,000 Listed Price

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294 Park Ave, Newark, NJ, 07107 is a Commercial Property for sale at $650,000 with 2,139 sqft and a lot size of 0.05. 294 Park Ave was built in 2001. The property's zip code is 07107 which is in Newark, NJ

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