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    360 Central Ave Newark, NJ 07102

    For Sale
    Contact for pricing

    Land with prime access, zoned for business and light manufacturing.

    Lot size:
    0.77 Acres

    Property Features for 360 Central Ave

    General Information

    Lot size
    0.77 Acres

    Source: Avison Young | Morristown Agent Drew Persson

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

    Overview

    Newark Land For Sale

    This property offers prime access for both cars and trucks, featuring frontage on Central Avenue and Morris Avenue. It is zoned C2, which allows for general business and light manufacturing. Permitted uses include retail, community centers, childcare facilities, restaurants, business services, medical offices, and dwellings above the ground floor of retail, office, or service spaces. The property is located in downtown Newark, offering convenient access to nearby retail and dining options. It is situated less than a mile from multiple NJ Transit stops, with Orange Street, Norfolk Street, and Warren Street all under 0.4 miles away. Immediate access to I-280 is available, located just 0.3 miles from the site. The Garden State Parkway is 1.3 miles away. The property encompasses Block 430, lots 1, 57, and 76.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1870222
    Latitude
    40.7465797

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    FAQs

    What type of property is this?
    Land - Land with prime access, zoned for business and light manufacturing.
    Where is this land located?
    The property is located at 360 Central Ave Newark, NJ.
    What are key features of this property?
    This property features: - Prime access for cars & trucks with frontage on Central Avenue and Morris Avenue.; - Zoned C2 — General Business & Light Manufacturing, allowing for diverse uses.; - Immediate access to I-280 (0.3 miles).
    (201) 394-6730
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    Newark, NJ 07102
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    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
    360 Central Ave Newark, NJ 07102
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