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Commercial Sale For Sale

218 Mulberry Street, Newark, NJ 07102

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Property Description

Price Adjustment to reflect a 6.25% CAP RATE. A rare opportunity to acquire a fully income-producing mixed-use property in the heart of Downtown Newark’s Arena District, steps from the Prudential Center and Mulberry Commons Park. 218 Mulberry Street offers immediate cash flow with significant long-term upside in one of Newark’s most active redevelopment corridors. The property features a strong commercial anchor tenant generating approximately $240,000 annually, plus four residential units above, providing a diversified income stream with total annual income of approximately $349,200 and a net operating income of approximately $291,900. Operating expenses are low, tenants pay all utilities, and the property is owner-managed. All leases are month-to-month, offering incoming ownership flexibility to lock in long-term leases, optimize rents, or reposition the asset. Located within a major redevelopment zone surrounded by substantial public and private investment, the property is widely regarded as a strategic parcel in the continued transformation of Downtown Newark. Ideal for 1031 exchange buyers, long-term hold investors, value-add strategies, or assemblage-minded buyers seeking stable income today with meaningful future potential.

Basic Details
Property Type:
Commercial Sale
Listing Type:
For Sale
Listing ID:
26001398
Price:
$4,800,000
Status:
Active
Office Name:
EXP Realty, LLC
Agent Name:
Hector
Features
Architectural Style:
Retail
Utilities:
Sep Elec, Sep Gas
Address Map
Country:
US
State:
NJ
County:
ESSEX
City:
Newark
Zipcode:
07102
Street:
Mulberry
Street Number:
218
Street Suffix:
Street
Longitude:
W75° 49' 43.9''
Latitude:
N40° 43' 51.9''
Additional Information
Virtual Tour:
https://app.dronevideos.com/pages/218-mulberry-street-newark-new-jersey-07102-54208
On Market Date:
2026-01-13
Financial
Tax Annual Amount:
33778
Listing Information
List Agent Mls Id:
1017941
List Office Mls Id:
2847
Mls Status:
Active
Modification Timestamp:
2026-04-01T14:29:08Z
Originating System Name:
njmls
Status Change Timestamp:
2026-04-01
Commercial Sale For Sale
Listing ID:
26001398
$4,800,000
Agent info
Contact Agent

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