Prime commercial property located in the heart of Ironbound, Newark, NJ. This building, restaurant, and parking lot at 63-69 Newark Ave offer one of the best locations in the area with ample exposure to high traffic. The property is situated in a highly sought-after redevelopment area, which is undergoing transformation and modernization.The building boasts spacious interiors that can be tailored to your business needs, while the restaurant offers a fully equipped kitchen and ample seating. The convenient parking lot provides ample parking for customers and employees.Don't miss this chance to establish your business in one of Ironbound's most desirable locations, surrounded by the excitement and growth of the redevelopment effort.

Primary Features

Location Business District, Corner, See Remarks
For Sale Or Lease For Sale
Sale Includes Building & Business, Building & Land, Equipment, Inventory, Operating Licenses, See Remarks
Permitted Use Restaurant. Boarding House
Construction Brick/Block
Exterior Description Brick/Block
Roof Description Flat
Equipment Available Appliances, Burglar Alarm, Fire Alarm, Fixtures, Restrooms - Private, Restrooms - Public, Sign - Building, Sign - Roof
Heating Multi-Zone
Cooling Multi-Zone Cooling
Sewer Public Sewer
Water Public Water
Utilities All Underground

Interior Features

Basement Yes
Basement Description Finished

External Features

Approximate Lot Size 35X99R35
Construction Date/Year Built Description Approximate
Easement Unknown
Parking/Driveway Description Off-Street Parking, Parking Lot-Exclusive, See Remarks
Primary Property Type Restarnt

Location Information

Block Identifier 185
County Number 16
Lot Identifier 94
Town Number 1614
Zoning Compliance yes
Zoning C-2

Financial Details

Assessment Building 200600
Assessment Land 240000
Assessment Total 440600
Farm Assessment No
Ownership Type Fee Simple
Possession At Closing
Tax Amount 16461
Tax ID For Property 1614-00185-0000-00094-0000-
Tax Rate 3.736
Tax Rate Year 2022
Tax Year 2022


Fuel Type Gas-Natural
Number of 1 Bedroom Units 10
Number of Apartments 10
Number of Stories 2
Prior Use Restaurant. Boarding House
Renovated Year 2021

Area Info

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Listing Courtesy of EXP REALTY, LLC

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