Downtown Newark Mixed-Use Redevelopment
118 Market St Newark, NJ 07102
118 Market St, Newark, NJ, 07102
$1,695,000
For Sale
$1,695,000
8,000 SF asset in Newark's commercial corridor.
Property Size10,000 SF
Price / SF$169.50
Days on Market64
Property Features for 118 Market St
General Information
- Standard status
- Active
- Size
- 10,000 SF
- Property subtype
- Commercial
Listing Agency
REALTY OF AMERICA
(833) 256-4244
Listed by
KEVIN SHARKEY
Source
Corcoran
Added: May 14 Checked: Jul 16 at 4:09 am
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
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.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Allinclusivelimo.com | Party Bus ...
Limousine Service
Hot Spoc Electronics ...
Electronics & Wireless Store
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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.
