72-74 Elm Road Newark, NJ $ 2,900,000
72-74 Elm Road
$ 2,900,000
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72-74 Elm Road

Newark, NJ, 07105
$ 2,900,000
Bedrooms-- Baths-- Sq 10,000
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Property for Rent in Newark, NJ

for $2,900,000 with 6 half baths. This 10,000 square foot property was built in 1950.

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.

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Rental Active

Price

$ 2,900,000

Half Bath

6

Taxes

$ 17,879

Style

MixedUse

Year Built

1950

Town/City

Newark

County/Region

Essex

MLS | Web ID

3994850

Features
General
Sewer Public Sewer
Construction Brick/Block Formed Concrete
Heating 4+ Units Baseboard - Hotwater
Cooling Window A/C(s)
Utilities Electric Gas-Natural
Possession At Closing
Roof Flat Rubberized
Zoning Mixed Use
Garage Spaces 0
Year Built 1950
Tenant Pays Electric Gas
Township Newark City
Property Type Mixed Use Restaurant/Bar Store With Apartment MixedUse
Tax Year 2024
Ownership Fee Simple
Location Business District Corner Residential Area
Lease Information Month-To-Month Security Deposit Required
Gross Income 224400
County Essex
Net Operating Income 183000
Operating Expense 41400
MaintenanceExpense 0
Status Active
Directions 6 Corns to Elm Road
Number Of Units Total 5
Tax Annual Amount 17879
Drive None On-Street Parking
Leasable Area 0
Lease Type Gross
Standard Status Active
Tax Assessed Value 533100
Town # 1614
Tax Lot 21
Cap Rate 6.30
Farm Assessment No
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Interior
Basement Full Storage Unfinished
Flooring Concrete Tile Wood
Fuel Type Gas-Natural
Total Stories 3
Half Baths 6
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Exterior
Lot Features Corner Level Lot
Water Source Public Water
Total Parking 30
Exterior Description Brick ConcBrd
Building Area Total 10000
Lot Dimensions 50x100
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* Excluded Features
List By
SANDRA OLIVEIRA

Listing Agent

Keller Williams Park Views

Broker

sandrausa10@gmail.com

Email

Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
10/27/2025$2,900,000 Listed Price

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72-74 Elm Road, Newark, NJ, 07105 is a Property for Rent at $2,900,000 with 10,000 sqft. 72-74 Elm Road was built in 1950. The property's zip code is 07105 which is in Newark, NJ