Description
Seize a rare opportunity to own a brand-new, cash-flowing mixed-use property in Newark’s South Orange Avenue corridor! Built in 2024, 549 S Orange Ave delivers $6,900/month from three luxury apartments, each leased at $2,300/month on secure 3-year terms through 2027. The ground floor offers two versatile commercial spaces — a 1,132 SF retail unit and a 511 SF office suite — currently owner-occupied and actively marketed for lease, creating immediate upside potential. Investors also benefit from a 5-year tax abatement (0% Year 1, phasing to 80% by Year 5), keeping operating costs low and boosting returns. With ~3,779 SF, central air, natural gas heat, sprinklers, fire alarms, underground utilities, and off-street parking, this turnkey investment is designed for long-term value. Zoned C-2 and ideally positioned near Rutgers, University Hospital, downtown Newark, transit, and major highways, it’s perfect for investors or owner-users seeking stable income today and growth tomorrow. Offered at $1,299,000 — don’t miss this rare chance to secure a new-construction, income-producing asset in one of Newark’s fastest-growing markets!
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School Ratings & Info
Description
Seize a rare opportunity to own a brand-new, cash-flowing mixed-use property in Newark’s South Orange Avenue corridor! Built in 2024, 549 S Orange Ave delivers $6,900/month from three luxury apartments, each leased at $2,300/month on secure 3-year terms through 2027. The ground floor offers two versatile commercial spaces — a 1,132 SF retail unit and a 511 SF office suite — currently owner-occupied and actively marketed for lease, creating immediate upside potential. Investors also benefit from a 5-year tax abatement (0% Year 1, phasing to 80% by Year 5), keeping operating costs low and boosting returns. With ~3,779 SF, central air, natural gas heat, sprinklers, fire alarms, underground utilities, and off-street parking, this turnkey investment is designed for long-term value. Zoned C-2 and ideally positioned near Rutgers, University Hospital, downtown Newark, transit, and major highways, it’s perfect for investors or owner-users seeking stable income today and growth tomorrow. Offered at $1,299,000 — don’t miss this rare chance to secure a new-construction, income-producing asset in one of Newark’s fastest-growing markets!
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