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499-525 W Market St Newark, NJ 07107

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For Sale
$2,500,000

23,000 SF historic building on 0.85 acres.

Property size:
23,000 SF

Property Features for 499-525 W Market St

General Information

Size
23,000 SF

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Listing Contact
Tarang Ramani
Tarang Ramani
Source: Lee-associates

Listing Agent: Tarang Ramani

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

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Overview

Historic Building in Newark

The property is a ±23,000 square foot building constructed in 1889. The lot size is 0.85 acres, which is equivalent to 37,026 square feet. There are approximately 15 on-site parking spaces. The property is listed on the National Register of Historic Places. It is zoned MX-1 – Low Density Residential Commercial, allowing for 90 to 100 buildable units.
Location Intelligence

Current Use by Public Records

Churches & religious facilities

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

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

Location Insight

  • Map
  • Local Demand
City
Newark
County
Essex
State
New Jersey
Longitude
-74.156325
Latitude
40.732277

FAQs

What type of property is this?
Church & religious facility - 23,000 SF historic building on 0.85 acres.
Where is this church & religious facility located?
The property is located at 499-525 W Market St Newark, NJ.
What is the asking price?
The asking price for this property is $2,500,000.
What are key features of this property?
This property features: - Buildable Units: **90-100 units allowed**, offering significant development potential.; - Large Lot Size: 0.85 acres (37,026 SF) provides ample space.; - Historic Significance: Listed on the National Register of Historic Places, offering **unique character and potential tax benefits**.
More about this property
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