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587 S Orange Ave Newark, NJ $ 549,000
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$ 549,000 Get more info
587 S Orange Ave
$ 549,000
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587 S Orange Ave

Newark, NJ, 07106
$ 549,000
Bedrooms-- Baths--

Monthly Estimate*

$ 3,466

​

Commercial Property for sale in Newark, NJ

for $549,000 with 2 half baths. This building was built in 1900 on a lot size of 0.06.

Excellent mixed-use investment opportunity on busy South Orange Avenue! This income-producing property features a commercial space on the first floor with an established tenant and lease in place. The second floor offers a renovated two-bedroom apartment, providing an additional source of rental income. A full unfinished basement provides additional storage. Renovated in 2021 and situated in Newark's C-2 Community Commercial and Residential Zone, the property offers strong visibility and convenient access to major highways, public transportation, shopping and neighborhood amenities. A great opportunity to add a versatile mixed-use property to your investment portfolio. Buyer responsible for verifying permitted uses and property information with the City of Newark.

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Commercial Coming Soon

Price

$ 549,000

Half Bath

2

Property Type

Commercial

Taxes

$ 12,996

Style

MixedUse

Lot Size

0.06

Year Built

1900

Town/City

Newark

County/Region

Essex

MLS | Web ID

4052304
Features
General
Sewer Public Sewer
Construction Brick/Block Wood
Heating 2 Units Forced Hot Air See Remarks
Cooling Central Air
Utilities Gas In Street
Possession tbd
Roof Flat
Zoning c-2
Year Built 1900
Tenant Pays Gas Heat Hot Water
Township Newark City
Property Type Mixed Use Store With Apartment MixedUse
Tax Year 2025
Ownership Fee Simple
Location Business District Highway Location
County Essex
Status Coming Soon
Directions Garden state parkway to Exit 144 follow south Orange Avenue west to 587 S. Orange Avenue
Number Of Units Total 2
Tax Annual Amount 12996
Drive On-Street Parking
Leasable Area 0
Standard Status Coming Soon
Tax Assessed Value 325000
Town # 1614
Tax Lot 20
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Interior
Basement Full Unfinished
Fuel Type Electric Gas-Natural
Total Stories 2
Half Baths 2
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Exterior
Water Source Public Water
Exterior Description Brick/Block
Building Area Total 0
Lot Dimensions 25X100
Lot Size Acres 0.06
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* Excluded Features
List By
PINA PAGLIUCA

Listing Agent

Epique Realty

Broker

pinasellsnewjersey@gmail.com

Email

Affordability Calculator

$4,549
Per Month
76%
24%
0%
Monthly Principal & Interest
$3,466
Monthly Property Taxes
$1,083
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% 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
9/12/2026$549,000 Listed Price

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587 S Orange Ave, Newark, NJ, 07106 is a Commercial Property for sale at $549,000 with a lot size of 0.06. 587 S Orange Ave was built in 1900. The property's zip code is 07106 which is in Newark, NJ

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