SQUARE FEET10,000
MLS#4027550
STATUS
PROPERTY TYPECommercial - Business
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.
Property Features
Property Type: Commercial - Business
Basement: Full, Storage, Unfinished
Basement: Yes
Fuel Type: Gas-Natural
Lot Size: 0.10 Acres
Stories: 2.0
Taxes: $29,116
Feature Descriptions
Days on Site: 19
Lot Dimensions: 0.10 acre(s)
Max Door height: 0
Sewer: Public Sewer
Units: 2
Utilities: Electric, Gas-Natural
Water: Public Water
Listed By / Shown By
Listed By
Agency Name: REALTY OF AMERICA
Agency Contact: 732-674-8858
Shown By
Agency Title: RealtyMark
Agency Phone: 888-260-0400
118 Market St | MLS# 4027550
This commercial property located at 118 Market St, Newark, NJ 07102 is currently listed for sale with an asking price of $1,695,000. Search Newark real estate on www.realtymarkllc.com today.