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
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Four (4) story 20,000 sf mixed use building
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Masonry/brick construction
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11 Residential walk-up apartments
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Long term commercial NNN medical tenant on 1st Fl
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Separate entrances for commercial and residential tenants
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Flat roof system
Property Features
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Corner property at Mount Prospect Avenue & Elwood Avenue
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Desirable neighborhood providing consistent occupancy
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Strong in-place income stream
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On-site parking lot INCLUDED
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Located in Newark’s North Ward/Mount Prospect corridor
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Short walk to NJT Newark Broad St. Station/ Light Rail /Bus; Quick commute to NYC (12 miles)
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Nearby shopping/restaurants/medical center
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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
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