118 Market St Newark, NJ 07102

Listing office REALTY OF AMERICA k***@realtyofamerica.com Show Phone

Listing date May 14, 2026

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Investment Insights

Based on property information with market context.

Located in the heart of Downtown Newark's primary commercial area, 118-122 Market Street presents an 8,000 SF property with immediate value-add potential and long-term redevelopment possibilities for mixed-use purposes. The property is situated in a rapidly developing, transit-oriented area fueled by residential growth and redevelopment, surrounded by major institutions such as Prudential Financial, Prudential Center, New Jersey Performing Arts Center, Rutgers University-Newark, and New Jersey Institute of Technology. It features two attached commercial units and a flexible second-floor layout suitable for conversion. Basement storage is available to support retail or redevelopment. The property is best suited for a developer to construct residential units for the surrounding Universities and Business District employees. The property size is 10,000 SF.

Key Highlights

• Prime Downtown Newark location in the main commercial corridor.
• Immediate value‑add and long‑term redevelopment potential for mixed‑use.
• Surrounded by major anchors including Prudential Financial, Prudential Center, NJPAC, Rutgers‑Newark, and NJIT.

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FAQs

What type of property is this?

Mixed-use property - 8,000 SF asset in Newark's commercial corridor.

Where is this mixed-use property located?

The property is located at 118 Market St 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: Prime Downtown Newark location in the main commercial corridor.; Immediate value‑add and long‑term redevelopment potential for mixed‑use.; Surrounded by major anchors including Prudential Financial, Prudential Center, NJPAC, Rutgers‑Newark, and NJIT.