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$ 1,695,000
Est. payment | /mo
8,000 SqFt
$ 1,695,000
Est. payment | /mo
8,000 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $211
MLS Listing ID 4027550
Annual Tax Amount $29,116
Tax Year 2025
Lot Size 4,356 Sqft
Property Description
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.
Location
State NJ
County Essex
Zoning RDV/SD
Rooms
Basement Full, Storage, Unfinished
Interior
Heating Gas-Natural
Cooling See Remarks
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature See Remarks
Utilities Available Electric, Gas-Natural
Roof Type See Remarks
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by REALTY OF AMERICA
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