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$2,900,000
6 Days On Site

72-74 Elm Road
Newark City, NJ 07105

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
10,000
SqFt
$290
/SqFt
1950
Built
County:
Essex

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973-349-0459
72-74 Elm Road72-74 Elm Road72-74 Elm Road72-74 Elm Road
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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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Listing Snapshot
Price 
$2,900,000
Days On Site 
6 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
1950
MLS® Number 
3994850
Status 
Active
Property Tax 
$17,879
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
5 days agoListing updated with changes from the MLS®
6 days agoListing first seen on site
General Features
Number Of Stories 
3
Parking 
On Street
Parking Spaces 
30
Property Sub Type 
Mixed Use
Sewer 
Public Sewer
SqFt Total 
10000
Utilities 
Natural Gas Available
Water Source 
Public
Zoning 
Mixed Use
Interior Features
Basement 
FullUnfinished
Cooling 
Window Unit(s)
Flooring 
ConcreteTileWood
Heating 
BaseboardNatural Gas
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Exterior Features
Construction Details 
Brick
Lot Features 
Corner LotLevel
Roof 
Rubber
Community Features
Accessibility Features 
Accessible Entrance
Listing courtesy of KELLER WILLIAMS PARK VIEWS

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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