Listing Agency: Avison Young - Morristown

Listed By: Evan Bernard · License #NJ 2075116

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Sep 3 at 3:50AM

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Investment Insights

Based on property information with market context.

The property encompasses 39,678 square feet, equal to 0.91 acres, in a full-block configuration with street access from all four sides. Mixed-Use 2 zoning supports a broad development program that includes retail, restaurant, multifamily, and office uses, along with structured or garage parking. The zoning framework also includes light manufacturing, warehousing, wholesaling, and distribution centers. Located at 359 Central Avenue in Newark, New Jersey, the parcel offers a block-scale setting for development shaped around its multiple access points and permitted-use range.

Key Highlights

• 39,678 sq‑ft parcel totaling 0.91 acres
• Full‑block configuration with street access from all four sides
• Mixed‑Use 2 zoning

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Pet Grooming Service Carpet & Flooring Store (Bike/Boat/Book/etc) Store Computer & Electronic Repair

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,033

Businesses Nearby

Explore this area Business Placement

Demographics for 07103, NJ

39,439

Population

13,832

Households

2.9

Avg Household Size

30

Median Age

21%

College-Educated

81%

High-School Grad

2.2 sq mi

ZIP Area

17,927

Density / Sq Mi

$42,397

Median Household Income

$34,278

Median Earnings

$1,289

Median Rent

$259,300

Median Home Value

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Mixed-Use 2 zoning supports retail, restaurant, multifamily, office, and several industrial uses.

Where is this commercial land located?

The property is located at 359 Central Ave Newark, NJ.

What are key features of this property?

This property features: 39,678 sq‑ft parcel totaling 0.91 acres; Full‑block configuration with street access from all four sides; Mixed‑Use 2 zoning