294 Park Ave #0, Newark, NJ, 07107
About This Home
Prime Mixed-Use Opportunity on Busy Park Avenue Corridor. Don't miss this exceptional opportunity to own a versatile mixed-use property suited for both investors and owner-operators looking to start or expand their business. Strategically located on a high-traffic corridor near the Park Avenue Light Rail Station and just moments from Branch Brook Park, this property offers outstanding visibility and accessibility. The first floor features a fully equipped BBQ restaurant, ready for immediate operation, along with a basement that provides additional storage and utility space. The second floor offers a well-maintained three-bedroom apartment in excellent condition, featuring hardwood floors and HVAC, making it ideal for owner-occupancy or rental income. Perfect for generating multiple income streams while building long-term value in a thriving location
Getting Around
Very Walkable
Excellent Transit
BikeableSchools
Construction
Condition
- Year built: 2001
Materials
- Roof: Flat
- Construction materials: Brick/Block,Vinyl Siding
Notable Dates
- Major remodel year: 2001
Type & Style
- Home type: Apartment
- Property subType: Apartment
Interior
Basement
- Has basement: Yes
- Basement: Yes,Full,Walk-Out Access
Features
- Door features: Max Door Height: 0
- Flooring: Tile,Wood
Heating & Cooling
- Heating features: 2 Units,Forced Air,Electric,Natural Gas
- Cooling features: 2 Units,Central Air
Interior Area
- Total structure area: 2,139
- Total interior livable area: 2,139 sqft
Property
Details
- Parcel number: 1614019290000000810000
- Attached to another structure: Yes
- Zoning description: 4A
- Other equipment: Appliances
Features
- Stories: 2
Lot
- Lot size: 2,178 sqft
- Features: Level,Residential Area
- Lot size dimensions: 20.3 x 105.3
Parking
- Parking features: On-Street Parking
- Has uncovered spaces: Yes
Climate Risk is Financial Risk
Every home has a financial story beyond the listing price. Below, you’ll see the climate risks that could affect this property — and in Bills & Affordability, how those risks may influence repairs, insurance, utilities, and long-term value.
Biggest Threats for This Home
- Heat Wave
- Cold Wave
- Strong Wind
- Winter Weather
How This Home’s Risks Compare
FEMA Declared Disasters Across New Jersey Counties
Understanding the Costs
Financial advisors generally recommend spending no more than 30% of your gross household income on housing costs. In practice, many households stretch to 35% or beyond — especially in high-cost markets.
Estimated Costs Today
| Monthly | Annual | |
|---|---|---|
| Mortgage | $3,286 | $39,432 |
| Home Insurance * | $481 | $5,772 |
| Property Taxes | $1,137 | $13,644 |
| Electricity | $235 | $2,829 |
| Total | $5,139 | $61,668 |
Income You'd Need if You Spent...
New Jersey FAIR Plan Programs
How Costs Could Change Over Time
Climate risk is quickly impacting all of the major home ownership costs. Adjust the growth rates and percentage of income spent on housing below to see how your housing costs could change over the next 10 years — and what income you'd need to keep up.
Comparing Against the Market
Price Per Sq Ft
vs Other Active Listings
Avg $/sqft
vs Homes Sold Last Month
Median $/sqft
Current Market Trends
Median Price Per Square Foot
The median price per square foot of homes sold in this area each month. Compare this to this listing's price per square foot to gauge whether the home is priced in line with recent sales.
Historicals for This Listing
Zestimate History ($/sqft)
No zestimate history available
Price History
| Date | Event | Price |
|---|---|---|
| 2026-04-13 | Listed for sale | $650,000 |
| 2025-02-05 | Listing removed | $645,500 |
| 2024-12-24 | Price change | $645,500 |
| 2024-09-19 | Listed for sale | $700,000 |
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