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    285 Mayor Gibson Newark, NJ 07104

    For Lease
    $3,600 /Mo

    Freestanding restaurant building with parking in a revitalizing Newark neighborhood.

    Lot size:
    0.06 Acres

    Property Features for 285 Mayor Gibson

    General Information

    Lot size
    0.06 Acres

    Building Details

    Year built
    1930

    Source: 3SIXTY REALTY LLC Agent JAMILLE HERNANDEZ

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

    Overview

    Freestanding Restaurant Building in Newark

    This freestanding building, intended for restaurant use only, is located in Newark's North Ward. The property benefits from high visibility and heavy foot and vehicle traffic. The space includes a dining area, kitchen connections, a bathroom, and an office. Ample off-street parking is available. Previously operating as a profitable restaurant, the property is situated in a revitalizing area experiencing ongoing development and increasing foot traffic.
    Location Intelligence

    Current Use by Public Records

    Restaurants

    Similar Places Nearby

    Sunrise Catering Unltd, Just-Us Catering & BBQ, FromScratchWCN, PG Catering LLC (in New York and New Jersey), Famous Bartending School Newark NJ

    Map

    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1695
    Latitude
    40.7676

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    FAQs

    What type of property is this?
    Restaurant - Freestanding restaurant building with parking in a revitalizing Newark neighborhood.
    Where is this restaurant located?
    The property is located at 285 Mayor Gibson Newark, NJ.
    What are key features of this property?
    This property features: - Prime location in Newark's North Ward with high visibility and heavy foot/vehicle traffic.; - Freestanding building dedicated solely for restaurant use.; - Spacious dining area, kitchen connections, bathroom, and office already in place.
    (973) 969-3363
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    285 Mayor Gibson Newark, NJ 07104
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    Newark, NJ 07104
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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
    285 Mayor Gibson Newark, NJ 07104
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