Listing Agency: The Blau & Berg Company Show Phone

Listed By: Tamara J. Blau · License #1540828 Show Phone

Source: Moodyscre

Added: Aug 28, 2025 Changed: Jul 6 Last Checked: Aug 10 at 10:14AM

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Investment Insights

Based on property information with market context.

This property features a vacant building with a total size of approximately 12,000 square feet, situated on a lot of about 0.51 acres identified as Block 1839, Lots 32, 33, and 37. The site benefits from a fenced-in yard, one drive-in access point, and two curb cuts, enhanced by its corner location. It is located down the block from NJIT. The property is zoned NX-1 and had taxes of $3,405 in 2024.

Key Highlights

• ±12,000 SF Vacant Building on ±0.51 AC
• Corner Location down the block from NJIT
• Fenced‑In Yard

Property Analytics

Property Profile

Current Use

Retail properties & Spaces

Suggested Use

Top Pick Real Estate Agency Veterinary Clinic Computer & Electronic Repair Carpet & Flooring Store Pet Grooming Service Accounting Firm

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

2,909

Businesses Nearby

147k

Monthly Visits Nearby

Explore this area Business Placement

Foot Traffic Nearby

Dining 75% Shops & Services 24% Electronics 1%

McDonald's Dining

39,847 visits/mo 0.1 miles

Wendy's Dining

24,571 visits/mo 0.1 miles

Exxon Shops & Services

16,858 visits/mo 0.2 miles

Dunkin' Donuts Dining

13,853 visits/mo 0.5 miles

IHOP Dining

12,934 visits/mo 0.3 miles

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

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Frequently Asked Questions

What type of property is this?

Retail property - 12,000 SF retail building with fenced yard near NJIT.

Where is this retail property located?

The property is located at 407 New St Newark, NJ.

What are key features of this property?

This property features: ±12,000 SF Vacant Building on ±0.51 AC; Corner Location down the block from NJIT; Fenced‑In Yard