Newark, NJ 07103,549 Orange AVE
Newark, NJ 07103,549 Orange AVE
Newark, NJ 07103,549 Orange AVE
Newark, NJ 07103,549 Orange AVE
Newark, NJ 07103,549 Orange AVE
Newark, NJ 07103,549 Orange AVE
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Felix Hernandez

Felix Hernandez

+1(347) 921-0999
Listed by Ricardo Sosa FloroStone Realty, Inc.
$ 1,099,000
Est. payment | /mo
Save
$ 1,099,000
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

MLS Listing ID 25030288

Style Retail

Property Sub-Type Retail

Property 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!

Location

State NJ

County Essex

Interior

Heating Central Air, Gas

New Jersey MLS (NJMLS)

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    North Star Academy Charter Schools of Newark

    Public | KG - 12

  • 9

    Maria Varisco Rogers Charter School

    Public | KG - 8

  • 8

    Forest Street Elementary School

    Public | PK - 7

  • 8

    Robert Treat Academy Charter School

    Public | KG - 8

  • 7

    Hazel Avenue Elementary School

    Public | KG - 5

  • 7

    Pride Academy Charter School

    Public | 5 - 8

  • 6

    Mt. Vernon Place Elementary School

    Public | PK - 8

  • 6

    Lincoln Avenue Elementary School

    Public | PK - 7

  • 6

    Rosa Parks Community School

    Public | PK - 7

  • 6

    George Washington School

    Public | 5 - 5

  • 6

    J. Garfield Jackson Sr. Academy

    Public | KG - 5

  • 6

    Carteret Elementary School

    Public | PK - 6

  • 6

    First Avenue Elementary School

    Public | PK - 8

  • 6

    Branch Brook Elementary School

    Public | PK - 4

  • 6

    Park Elementary School

    Public | PK - 8

  • 6

    The Gray Charter School

    Public | KG - 8

  • 6

    Oliver Street Elementary School

    Public | PK - 8

  • 5

    Heywood Avenue Elementary School

    Public | PK - 7

  • 5

    Newark Legacy Charter School

    Public | KG - 4

  • 5

    Langston Hughes Elementary School

    Public | PK - 5

Middle Schools 20
  • 9

    Science Park High School

    Public | 7 - 12

  • 7

    Great Oaks Charter School

    Public | 6 - 9

  • 6

    East Orange STEM Academy High School

    Public | 6 - 12

  • 5

    Cicely L. Tyson Community Middle/High School

    Public | 6 - 12

  • 5

    Arts High School

    Public | 7 - 12

  • 4

    Krumbiegel Middle School

    Public | 6 - 8

  • 4

    University High School

    Public | 7 - 12

  • 4

    American History High School

    Public | 6 - 12

  • 3

    Union Avenue Middle School

    Public | 6 - 8

  • 3

    Orange Preparatory Academy

    Public | 8 - 9

  • 3

    Universiy Middle School

    Public | 6 - 8

  • 3

    John L. Costley Middle School

    Public | 6 - 8

  • 3

    Sojourner Truth Middle School

    Public | 6 - 8

  • 2

    Merit Preparatory Charter School of Newark

    Public | 6 - 7

  • 1

    Patrick F. Healy Middle School

    Public | 6 - 8

  • 1

    Eagle Academy

    Public | 6 - 7

  • 1

    Newark Early College High School

    Public | 6 - 10

  • 0

    Fast Track Success Academy

    Public | 6 - 12

  • 0

    Elyon Learning Center Academy

    Private | 8 - 12

  • 0

    Link Community School

    Private | 7 - 8

High Schools 20
  • 10

    Technology High School

    Public | 9 - 12

  • 8

    Bard Early College High School

    Public | 9 - 12

  • 6

    North 13th St Tech

    Public | 9 - 12

  • 6

    Bloomfield Tech

    Public | 9 - 12

  • 5

    Newark Tech

    Public | 9 - 12

  • 4

    Orange High School

    Public | 9 - 12

  • 3

    People's Preparatory Charter School

    Public | 9 - 11

  • 2

    Newark Vocational High School

    Public | 9 - 12

  • 1

    Irvington High School

    Public | 9 - 12

  • 1

    Weequahic High School

    Public | 9 - 12

  • 1

    East Orange Campus High School

    Public | 9 - 12

  • 1

    West Side High School

    Public | 9 - 12

  • 1

    Central High School

    Public | 9 - 12

  • 1

    Malcom X Shabazz High School

    Public | 9 - 12

  • 1

    Barringer High School

    Public | 9 - 12

  • 1

    Paulo Freire Charter School

    Public | 9 - 10

  • 1

    Newark Preparatory Charter School

    Public | 9 - 10

  • 0

    Seton Hall Preparatory School

    Private | 9 - 12

  • 0

    Career and Innovation Academy of Orange

    Public | 9 - 12

  • 0

    Newark Bridges High School

    Public | 9 - 12

School and business data provided by Attom Data.

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549 Orange AVE

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