Property
Newark, NJ 07102 118-122 Market Street
$1,695,000
30 more
Presented By: Kevin Sharkey, Realty Of America
SQFT • 10,000
SQFT • 10,000Home Details
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.
Presented By: Kevin Sharkey, Realty Of America
Interior Features for 118-122 Market Street
Bathrooms
Total Baths
Other Interior Features
Total Fireplaces
General for 118-122 Market Street
Accessibility Features Y/NNone
Additional Parcels Y/NNo
Business TypeOther
Carport Y/NNo
CityNewark
CountyEssex
DirectionsGPS-Maps
Garage Spaces0.0
Garage Y/NNo
HeatingYN@Core.PermissionsNone
Home Warranty Y/NNo
Leasable Area8000.0
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet3920.4
MLS AreaNewark
MLS Area MinorNewark (NEW)
MobileHomeRemainsYNNo
New ConstructionNo
Property SubtypeCommercial
Property TypeCommercial Sale
Rent Control Y/NNo
Senior CommunityNone
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count2
Subdivision NameNone
Tax Annual Amount29117.0
Tax Assessed Value728100
Tax Year2025
Utilities@Core.PermissionsNone
Water Body Access Y/NNone
Zoning DescriptionMulti-Use, Mixed, Commercial
Exterior for 118-122 Market Street
Building Area Total10000.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions44.9 x 96.8
Lot Size Acres0.09
Lot Size Area0.09
Parking FeaturesOn Street
SpaNo
Water SourcePublic
Additional Details
Price History
Charles Torres
Owner