Retail Redevelopment Site with
For Lease
Contact for pricing
408-416 Market St, Newark, NJ 07105
Redevelopment opportunity offering drive-thru capability and parking for single- or multi-tenant retail layouts.
Property Size3,286 SF
Lot Size0.50 Acres
Days on Market15
Property Features for 408-416 Market St
General Information
Standard status
Active
Size
3,286 SF
Lot size
0.50 Acres
Property subtype
retail
Listing Agency:
Parsippany
(201) 741-0990
Listed By:
Alana Friedman · License #1111969
(201) 741-0990
Source:
Property.jll
Added: Jul 16
Changed: Jul 23
Last Checked: Jul 30 at 2:44AM
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 Parsippany
Investment Insights
Based on property information with market context.
408-416 Market Street is a retail redevelopment site on a 0.5-acre lot in Newark’s North Ironbound section, offered for rental flexibility for single or multi-tenant use. The property is described as able to support up to 3,286 SF for a single-tenant configuration with drive-thru capability, along with 23 parking spaces.
For larger tenancy, the site is also described as able to support up to 7,943 SF for a multi-tenant configuration with 22 parking spaces. The location is noted as steps from Newark Penn Station, with easy access to NYC and Newark Liberty International Airport. The public remarks also cite proximity to the Prudential Center and nearby residential development activity.
For tenants and operators evaluating a retail buildout, the key differentiators here are the drive-thru-ready concept for single-tenant use and the on-site parking counts aligned to both single- and multi-tenant layouts.
For larger tenancy, the site is also described as able to support up to 7,943 SF for a multi-tenant configuration with 22 parking spaces. The location is noted as steps from Newark Penn Station, with easy access to NYC and Newark Liberty International Airport. The public remarks also cite proximity to the Prudential Center and nearby residential development activity.
For tenants and operators evaluating a retail buildout, the key differentiators here are the drive-thru-ready concept for single-tenant use and the on-site parking counts aligned to both single- and multi-tenant layouts.
Key Highlights
- 0.5‑acre lot at 408‑416 Market Street in Newark, NJ, available for retail redevelopment
- Drive‑thru capability for a single‑tenant retail layout with up to 3,286 SF and 23 parking spaces
- Multi‑tenant potential with up to 7,943 SF and 22 parking spaces
Property Analytics
Current Use
Lease Details
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
2,009
Businesses Nearby
42k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 77%
Groceries 9%
Home Improvements & Furnishings 7%
Dining 6%
AutoZone
Shops & Services
9,499 visits/mo
0.3 miles
Sunoco
Shops & Services
6,047 visits/mo
0.5 miles
Dollar General
Shops & Services
5,604 visits/mo
0.4 miles
Advance Auto Parts
Shops & Services
5,207 visits/mo
0.3 miles
Met Food
Groceries
3,890 visits/mo
0.4 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
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Similar Off Market Nearby
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- Benevolent — 196 12th ave, newark, nj 07107
Frequently Asked Questions
What type of property is this?
Storefront property - Redevelopment opportunity offering drive-thru capability and parking for single- or multi-tenant retail layouts.
Where is this storefront property located?
The property is located at 408-416 Market St Newark, NJ.
What are key features of this property?
This property features: 0.5‑acre lot at 408‑416 Market Street in Newark, NJ, available for retail redevelopment; Drive‑thru capability for a single‑tenant retail layout with up to 3,286 SF and 23 parking spaces; Multi‑tenant potential with up to 7,943 SF and 22 parking spaces
