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Vacant Retail Storefront with 2nd Floor

118-122 Market Street Unit 118-122, Newark, NJ 07102

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For Sale

$1,695,000

Vacant storefront property with basement storage and access to a flexible second-floor layout for future redevelopment.

Type:General Commercial

Property size:

10,000 SF

Price / SF:

$169/SF

HighLights

8,000 SF vacant storefront property at 118‑122 Market Street
One unit is vacant with access to the 2nd floor
Two attached commercial units
Flexible 2nd‑floor layout for conversion/redevelopment
Basement storage included for retail or redevelopment
On‑street parking; includes 3 guest facilities

We can help!

Listing Contact

Kevin Sharkey

Learn more

For Sale

$1,695,000

Vacant storefront property with basement storage and access to a flexible second-floor layout for future redevelopment.

Type:General Commercial

Property size:

10,000 SF

Price / SF:

$169/SF

Added:: Apr 17, 2026
Days on Market:: 61
Last Refresh:: Jun 15 at 7:51 am

Property Features for 118-122 Market Street Unit 118-122

General Information

Standard status: Active
Size: 10,000 SF
Property subtype: General Commercial

We can help!

Listing Contact

Kevin Sharkey

Listing agent Kevin Sharkey

Listing office Realty Of America

Listing date Apr 17, 2026

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Realty Of America

HighLights

8,000 SF vacant storefront property at 118‑122 Market Street
One unit is vacant with access to the 2nd floor
Two attached commercial units
Flexible 2nd‑floor layout for conversion/redevelopment
Basement storage included for retail or redevelopment
On‑street parking; includes 3 guest facilities

Overview

This offering features one unit that is currently vacant, with access to the second floor. The property includes two attached commercial units and a flexible second-floor layout that can support a variety of redevelopment approaches. Basement storage is also included, providing additional space to support retail activity or other planned uses.

118-122 Market Street is positioned in the core of Downtown Newark’s main commercial corridor. The asset is surrounded by major anchors including Prudential Financial, Prudential Center, New Jersey Performing Arts Center, Rutgers University-Newark, and New Jersey Institute of Technology.

For buyers and developers, the combination of street-level retail configuration, second-floor accessibility, and basement storage creates a practical platform for adaptive reuse. The flexible second-floor layout is particularly relevant for conversion concepts aligned with surrounding university and business district activity.

Location Intelligence

Current Use by Public Records

Storefront properties

Suggested Use

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Location Insight

Map
Local Demand

City: Newark
County: Essex
State: New Jersey
Longitude: -74.1742188
Latitude: 40.7360176

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For sale
Storefront properties
NJ
Newark
07102
118-122 Market Street Unit 118-122

What type of property is this?

Storefront property - Vacant storefront property with basement storage and access to a flexible second-floor layout for future redevelopment.

Where is this storefront property located?

The property is located at 118-122 Market Street Unit 118-122 Newark, NJ.

What is the asking price?

The asking price for this property is $1,695,000.

What are key features of this property?

This property features: 8,000 SF vacant storefront property at 118‑122 Market Street; One unit is vacant with access to the 2nd floor; Two attached commercial units