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285-289 S Orange Ave, Newark, NJ, 07103

--beds
--baths
--sqft
$2,595
--price/sqft
$211/moest. monthly cost
$8,440/yrincome needed

About This Home

Prime commercial rental opportunity located in the heart of Newark's thriving University Heights district within walking distance to University Hospital, Rutgers Biomedical & Health Sciences campus, and major medical facilities. High-visibility location with strong daily pedestrian and vehicle traffic from hospital staff, students, residents, and surrounding businesses. Ideal for a pharmacy, salon, wellness spa, medical office, professional services, caf , retail boutique, or specialty business. Features excellent storefront exposure, convenient access to public transportation, major highways, and nearby parking. Positioned in a rapidly developing area with ongoing residential and commercial growth, making this an excellent opportunity for entrepreneurs and established businesses alike. Flexible layout with endless possibilities to bring your business vision to life in one of Newark's most active commercial corridors. The Landlord shall be responsible for payment of property taxes and will provide hot and cold water service to the bathroom. The Tenant shall be responsible for all other utilities and services associated with the premises, including, but not limited to, electricity, gas, heating, and air conditioning. HIGH CEILING FOR STORAGE .Parking available for tenant. Go direct vacant . Flexible leasing terms. HIGH ceilings great for shelving to provide additional storage

Getting Around

79
WalkingVery Walkable
69
TransitGood Transit
55
BikeBikeable

Schools

1/10
West Side High SchoolGrades 9-120.4 mi
1/10
Central High SchoolGrades 9-120.7 mi

Construction

Materials

  • Roof: Asphalt

Type & Style

  • Home type: SingleFamily
  • Property subType: Mixed Use

Property

Details

  • Parcel number: 1401778000000028

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
    Heat WaveModerate

How This Home’s Risks Compare

Heat Wave

FEMA Declared Disasters Across New Jersey Counties

Fire
Severe Storm

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

MonthlyAnnual
Mortgage $13$156
Home Insurance *$1$12
Property Taxes $4$48
Electricity $193$2,318
Total$211$2,532
*Does not include cost of any FAIR Plan premiums

Income You'd Need if You Spent...

35% on housing$7,234/yr
40% on housing$6,330/yr
45% on housing$5,626/yr

New Jersey FAIR Plan Programs

New Jersey Insurance Underwriting Association

Covered
WildfireWildfire
HailHail
WindWind
Visit Website →
Current Policies
Residential: 7,029Commercial: 173
Total Premiums$5.54M
Total Exposure$1.19B

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.

Insurance Growth Rate5-year average: 7.4%
7.4%
0%30.0%
Electricity Growth Rate10-year average: 7.1%
7.1%
0%15.0%
Property Taxes Growth Rate2-year average: 1.0%
1.0%
0%15.0%
Income Spent on Housing
30%
30%45%

Comparing Against the Market

Price Per Sq Ft

--This listing

vs Other Active Listings

Avg $/sqft

ZIP 07103$280
Essex County$382

vs Homes Sold Last Month

Median $/sqft

ZIP 07103$164
Essex County$391

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

DateEventPrice
2026-07-16Listed for sale$2,595
2004-12-13Sold$550,000

For Sale by Agent

AgentBlossom Vernon
BrokerageBerkshire Hathaway Home Services Jordan Baris Realty - West Orange

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