Newmark Associates
638 Mount Prospect Avenue
Investment Space for Sale
638 Mount Prospect Avenue, Newark, NJ
Property Details
Property Type:
Investment
100% OCCUPIED INVESTMENT PROPERTY | IDEAL FOR 1031; STABILIZED INCOME
Highlights
•
Four (4) story 20,000 sf mixed use building
•
Masonry/brick construction
•
10 Residential walk-up apartments
•
Long term commercial NNN medical tenant on 1st Fl
•
Separate entrances for commercial and residential tenants
•
Flat roof system
Property Features
•
Corner property at Mount Prospect Avenue & Elwood Avenue
•
Desirable neighborhood providing consistent occupancy
•
Strong in-place income stream
•
On-site parking lot INCLUDED
•
Located in Newark’s North Ward/Mount Prospect corridor
•
Short walk to NJT Newark Broad St. Station/ Light Rail /Bus; Quick commute to NYC (12 miles)
•
Nearby shopping/restaurants/medical center
•
Close proximity to major highways & Newark Airport
Map
Associate
Jeannette Melillo
Vice President
O: 973.884.4444 ext. 39
C: 862.227.6464
jmelillo@newmarkrealestate.com
Other Listings
