Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    116 Wright St Newark, NJ 07114

    For Sale
    $599,000

    Commercial - Newark City, NJ

    Property size:
    1,800 SF
    Lot size:
    0.03 Acres
    Days on Market:
    60
    Last Refresh:
    Dec 5 at 4:06 pm

    Property Features for 116 Wright St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    COMMERCIAL
    Size
    1,800 SF
    Lot size
    0.03 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air, Multi Units

    Building Details

    Year built
    2014
    Floors in Building
    2
    Number of units
    2
    Building materials
    Concrete
    Roof type
    Asphalt, Shingle
    Architectural style
    Other

    Elite Realtors of New Jersey (973) 994-9009 [email protected]

    Listing agent EDWIN DEVIA (973) 994-9009

    Listing date Oct 7, 2025

    MLS# 3988858 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Building Near EWR

    This mixed-use building features a first floor zoned for light industrial use, offering the opportunity to live upstairs and work downstairs. The property is located close to major highways and is approximately 5 minutes from Newark Liberty International Airport (EWR). The building is solar powered and includes battery backup for use during emergencies. A new roof is planned for 2025. The property also features an EV charging station. The lot size is 0.03 acres and the property size is 1,800 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    NJRAS Motorcycle Rental Agency NJ MOTO TOW Towing Service

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.18243
    Latitude
    40.7203

    Nearby Similar for Sale

    • $699,000
      Pending

      Renovated Multi-Family Home in Newark

      Renovated two-family home with modern updates and convenient location.
      35-37 Vernon Ave, Newark, NJ 07108
      View Details
    • New
      $569,000
      2,080 SF

      Renovated Newark Two-Family Home

      Fully renovated, vacant two-family home in Newark with high rental potential.
      366 Badger Ave, Newark, NJ 07112
      View Details
    • $4,000,000
      9,999 SF

      Newark City Commercial Investment Opportunity

      Commercial building in established Newark neighborhood, ideal for medical practices.
      461-467 Mount Prospect Ave, Newark, NJ 07104
      View Details
    • $599,000
      Pending

      Renovated Newark Multi-Family Home

      Fully renovated 2-family home with high rental potential.
      440 Summer Ave, Newark, NJ 07104
      View Details
    • $599,900

      Newark Three-Family Home For Sale

      Spacious three-family home with income potential in Newark, NJ.
      99 Alexander St, Newark, NJ 07106
      View Details
    • $599,900
      2,100 SF

      Spacious Three-Family Home in Newark

      Three-unit property with strong rental income potential near schools.
      99 Alexander St, Newark, NJ 07106
      View Details

    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property with light industrial zoning and solar power.
    Where is this mixed-use property located?
    The property is located at 116 Wright St Newark, NJ.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Mixed-use property: Live upstairs and operate a business downstairs.; - Convenient location: Close to major highways and 5 minutes from EWR (Newark Airport).; - Solar powered with battery backup for emergencies.
    (973) 994-9009
    Request Owner's contact information
    116 Wright St Newark, NJ 07114
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    116 Wright St
    Newark, NJ 07114
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    116 Wright St Newark, NJ 07114
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.