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    420 18Th Ave Newark, NJ 07108

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    For Sale
    $994,900

    New construction mixed-use building with retail space and apartments.

    Lot size:
    0.07 Acres

    Property Features for 420 18Th Ave

    General Information

    Lot size
    0.07 Acres

    Building Details

    Year built
    2024

    Source: WEICHERT REALTORS - HOME CITY Agent AUGUSTO VERISSIMO

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

    Overview

    New Three-Unit Mixed-Use Building

    This is a new three-unit mixed-use building for sale, situated in the West Side Neighborhood, near Springfield and Home Depot, with convenient access to transportation. The property features an open-floor plan concept, high cathedral ceilings, skylights, recessed lighting, and hardwood flooring throughout both apartments. Each apartment includes a large living-dining room, a kitchen with quartz countertops, three bedrooms, ample closet space, and two full bathrooms. The ground level offers approximately 1,200 square feet of open space with a full bath, suitable for business expansion or a new business venture.
    Location Intelligence

    Current Use by Public Records

    Retail space

    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
    -74.2013339
    Latitude
    40.7313678

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    FAQs

    What type of property is this?
    Mixed-use property - New construction mixed-use building with retail space and apartments.
    Where is this mixed-use property located?
    The property is located at 420 18Th Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $994,900.
    What are key features of this property?
    This property features: - Brand new (2024) three-unit mixed-use building.; - Prime location on the West Side Neighborhood, near Springfield and Home Depot, with easy access to transportation.; - Two apartments feature open-floor plans, high cathedral ceilings, skylights, recessed lighting, and hardwood flooring.
    (201) 293-6333
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    420 18Th Ave Newark, NJ 07108
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    Newark, NJ 07108
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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
    420 18Th Ave Newark, NJ 07108
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