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Mixed-Use Property with High Ceilings
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198 FERRY ST Unit 2, Newark, NJ 07105

Open layout with central HVAC, one bathroom, and vinyl flooring supports retail, office, or service uses.

Property Size1,500 SF
Price / SF$3.17
Days on Market241

Property Features for 198 FERRY ST Unit 2

General Information

Standard status Active
Size 1,500 SF
Property subtype Mixed Use

Additional Details

Public Transit Yes

Taxes and HOA fees

Annual Taxes $46,921

Amenities

12-foot ceilings
central HVAC
Central Air
3
Vinyl
Flat
C2
Parking. Corner Lot.
On Street.
4756 SF
Storage Area. Central Business District, Corner.

Building Details

Year Built 2015
Listing Agency: EXIT REALTY LUCKY ASSOCIATES
Listed By: PATRICK DWYER · License #293621
Source: Xome
Added: Jan 2 Changed: Aug 31 Last Checked: Aug 31 at 1:04PM

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 EXIT REALTY LUCKY ASSOCIATES

Investment Insights

Based on property information with market context.

This mixed-use unit offers approximately 1,500 square feet in an open-concept configuration with 12-foot ceilings, one bathroom, central HVAC, and vinyl flooring. The space is suited to retail, professional office, or service-oriented occupancy based on the stated layout and features.

The property is positioned near Newark Penn Station on Ferry Street in Newark, New Jersey, with access to on-street parking. The building dates to 2015 and the property information identifies C2 zoning and a corner-lot setting.

Key Highlights

  • Approximately 1,500 sq ft of mixed‑use space
  • 12‑foot ceilings and open‑concept interior
  • Central HVAC and one bathroom

Property Analytics

Current Use

Tele Discount Communications Discount Store

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Clothing & Fashion Store Locksmith Adult Day Care Pet Grooming Service Nursing Home

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

4,062
Businesses Nearby

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 Office in Northeast region

13.1% 2019
15.4% 2020
17.6% 2021
19.1% 2022
20.2% 2023
20.9% 2024
19.9% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Open layout with central HVAC, one bathroom, and vinyl flooring supports retail, office, or service uses.
Where is this mixed-use property located?
The property is located at 198 FERRY ST Unit 2 Newark, NJ.
What are key features of this property?
This property features: Approximately 1,500 sq ft of mixed‑use space; 12‑foot ceilings and open‑concept interior; Central HVAC and one bathroom
More about this property
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