72-74 Elm Road | Newark City

$2,900,000 | 6 Baths (6 Half) | 10,000 Sq. Ft.

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. GSMLS 3994850

Directions to property: 6 Corns to Elm Road

MLS Listing ID: 
GSMLS 3994850
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1950
Living Area: 
10,000
Basement: 
Full, Storage, Unfinished
Construction
Construction Materials: 
Brick/Block, Formed Concrete
Roof: 
Flat, Rubberized
Exterior: 
Brick/Block
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
6
Total Half-Bathrooms: 
6
Utilities
Information about utilities available on the property.
Heating System: 
4+ Units, Baseboard - Hotwater
Heating System Fuel: 
Gas-Natural
Cooling System: 
Window A/C(s)
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Lot Size (Dimensions): 
50x100
Waterfront: 
0
Lot Features
Driveway: 
None, On-Street Parking
Parking Type: 
None, On-Street Parking
Total Parking Spaces: 
0
Public Record
Lot Number: 
21
Annual Tax: 
$17,879.00
Property Zoning: 
Mixed Use
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
10/27/2025
Contract Details
Details about the listing contract.
Inclusions: 
See Remarks, Sewer, Water
Possession: 
At Closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
KELLER WILLIAMS PARK VIEWS