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118 Market St

Newark City, NJ 07102

MLS#: 4027550

$1,695,000

Status: Active
Listing number: 4027550
Listing provided by: REALTY OF AMERICA
Listing agent phone: None
Last update: 24 days ago
On site: a month ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Sq.Footage

8,000

One Unit Vacant with Access to 2nd Floor, potential for additional source of income. Positioned in the core of Downtown Newark's main commercial corridor, 118-122 Market Street offers a 8,000 SF asset with immediate value-add and long-term Redevelopment upside for mixed use. Surrounded by major anchors including Prudential Financial, Prudential Center, New Jersey Performing Arts Center, Rutgers University-Newark, and New Jersey Institute of Technology, the property sits in a rapidly evolving, transit-oriented district driven by residential growth and redevelopment. Two attached commercial units. Flexible second-floor layout ideal for conversion. Basement storage supporting retail or redevelopment. Best suited for a developer to build residential for surrounding Universities and Business District employees.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Pool

    No

Area & Lot

  • Lot Size(acres)

    0.1

  • Property Type

    Commercial Sale

Price

  • Sales Price

    $1,695,000

  • Tax Amount

    $29,116

  • Zoning

    RDV/SD

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    2

  • Ownership

    Fee Simple

  • Sewer

    Public Sewer

  • Tax Lot

    *

  • Water Source

    Public

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Location

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Essex

Elementary School

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Listing Courtesy of None , REALTY OF AMERICA

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Patrick Bolger

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(973) 945-9979

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One Unit Vacant with Access to 2nd Floor, potential for additional source of income. Positioned in the core of Downtown Newark's main commercial corridor, 118-122 Market Street offers a 8,000 SF asset with immediate value-add and long-term Redevelopment upside for mixed use. Surrounded by major anchors including Prudential Financial, Prudential Center, New Jersey Performing Arts Center, Rutgers University-Newark, and New Jersey Institute of Technology, the property sits in a rapidly evolving, transit-oriented district driven by residential growth and redevelopment. Two attached commercial units. Flexible second-floor layout ideal for conversion. Basement storage supporting retail or redevelopment. Best suited for a developer to build residential for surrounding Universities and Business District employees.

118 Market St

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