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McWhorter Street Investment Opportunity
For Sale
$1,100,000

168 McWhorter, Newark, NJ 07105

Commercial building in Newark's Ironbound, ideal for investment or redevelopment.

Property SizeContact for details
Days on Market431

Property Features for 168 McWhorter

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $13,880
Listing Agency: RE/MAX FIRST REALTY II
Listed By: ROCCO LOBRACE
Source: Corcoran
Added: Jun 7, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of RE/MAX FIRST REALTY II

Investment Insights

Based on property information with market context.

The property available for sale is the building located at 168 McWhorter St in the Ironbound section of Newark. The sale includes the building only, and does not include the restaurant business currently occupying the space. The existing lease has less than one year remaining. Also available are 170 McWhorter St and 68 Garden St, which may be purchased individually or as part of a bundled investment package.

Key Highlights

  • Prime location in the highly desirable Ironbound section of Newark.
  • Opportunity to own commercial property in a vibrant, high‑traffic area.
  • Existing lease has less than one year remaining, providing flexibility for future use or redevelopment.

Property Analytics

Current Use

Co Nitti Lumber Big Box & Wholesale Store Delicias de Minas ... Restaurant

Suggested Use

Top Pick Veterinary Clinic Nursing Home (Bike/Boat/Book/etc) Store Buffet Pet Grooming Service Tanning Salon

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

4,901
Businesses Nearby
213k
Monthly Visits Nearby

Foot Traffic Nearby

Shops & Services 45% Dining 29% Groceries 22% Home Improvements & Furnishings 2%
Seabra's Market Groceries
47,485 visits/mo 0.4 miles
McDonald's Dining
45,223 visits/mo 0.3 miles
Dollar Tree Shops & Services
18,019 visits/mo 0.5 miles
BP Shops & Services
14,035 visits/mo 0.4 miles
Exxon Shops & Services
11,797 visits/mo 0.2 miles

Demographics for 07105, NJ

50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Investment property - Commercial building in Newark's Ironbound, ideal for investment or redevelopment.
Where is this investment property located?
The property is located at 168 McWhorter Newark, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Prime location in the highly desirable Ironbound section of Newark.; Opportunity to own commercial property in a vibrant, high‑traffic area.; Existing lease has less than one year remaining, providing flexibility for future use or redevelopment.
More about this property
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