Property
Newark City, NJ 07107 524 Central Ave
$350,000
1 more
Presented By: KELLER WILLIAMS - NJ METRO GROUP; 973-783-7400
SQFT • 5,050
Home Details
Rare redevelopment opportunity in Newark's Fairmount neighborhood. This 3-story, 5,500 SF mixed-use corner building features 6 residential units (five 1-bedrooms and one 3-bedroom) and a 1,200 SF ground-floor retail space. Zoned C-2, it supports a mix of residential and commercial uses. The property sits on a 2,367 SF lot with strong street exposure at Central Ave and South 9th Street. Currently vacant and ready for repositioning. Convenient access to transit and major Newark corridors. A compelling opportunity for investors or developers.As-Is ConditionSeller makes no warranties regarding C/O, outstanding Violations, OccupantsNo ContingenciesOpen/Outstanding Real Estate Taxes and/or Water/Sewer liens to be paid by Seller at ClosingANS Title required for Title Insurance
Presented By: KELLER WILLIAMS - NJ METRO GROUP; 973-783-7400
Interior Features for 524 Central Ave
Bathrooms
Half Baths
Other Interior Features
Price Per Sq Ft69.31
Available Sq Ft5050
FlooringTile, Wood
Fuel TypeGas-Natural
Total Stories3
General for 524 Central Ave
ConstructionBrick/Block, Wood
CoolingWindow A/C(s)
CountyEssex
DirectionsFrom GSP Exit 145, take Central Ave toward Newark. Located between S 11th St & S 10th St, near public transit and schools.
Documents AvailableSee Remarks
DriveNone
EasementUnknown
Equipment AvailableAppliances, Smoke Detector
Garage Spaces
HeatingRadiators - Hot Water, See Remarks
Leasable Area
LocationBusiness District, Corner
Num Apts3
Number Of Units Total6
OwnershipFee Simple
PossessionAt Closing
Property TypeMixed Use, Store With Apartment
Property TypeMixedUse
RoofBuilt-Up
ServicesGarbage Included
SewerSee Remarks
Standard StatusActive
StatusActive
Tax Annual Amount6084
Tax Assessed Value160000
Tax Lot1
Tax Year2024
Town #1614
TownshipNewark City
UtilitiesGas-Natural
Year Built1979
ZoningC-2
Exterior for 524 Central Ave
Building Area Total5500
Exterior DescriptionBrick/Block, Wood
Lot Dimensions28.3X95
Lot FeaturesCorner, Level Lot
Lot Size Acres0.05
Max Ceiling Height10
Max Door Height0
Number of Bays0
Number of Docks0
Total Parking0
Water SourcePublic Water
Additional Details
Price History
Charles Torres
Owner