Adaptable Space on Central
For Lease
$3,750/Mo
415 Central Ave, Newark, NJ 07107
Versatile 3,000 SF space in a high-traffic location.
Space SizeContact for details
Lot Size0.07 Acres
Days on Market282
Property Features for 415 Central Ave
General Information
Standard status
Active
Lot size
0.07 Acres
Property subtype
Commercial
Taxes and HOA fees
Annual Taxes
$12,158
Amenities
Central air
4+ Units Cooling
4+ Units Heating
Flat Roof
Building Details
Year Built
1920
Listing Agency:
COLDWELL BANKER REALTY
(973) 233-2300
Listed By:
DONN MCDONALD
(973) 233-2034
Source:
Corcoran
Added: Dec 16, 2025
Changed: Aug 25
Last Checked: Aug 14 at 7:22AM
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 COLDWELL BANKER REALTY
Investment Insights
Based on property information with market context.
This 3,000 square foot space is located on Central Avenue and offers an adaptable layout suitable for a professional office, retail concept, wellness studio, restaurant, cafe, or creative use. The open floor plan features high ceilings and a flexible interior layout. The property benefits from prominent frontage along Central Avenue and is situated steps from public transportation and major highways. The location is just minutes from Rutgers University, NJIT, Essex County College, major hospitals, and attractions such as NJPAC and Prudential Center. The area experiences strong foot traffic and excellent visibility, with a dense population of students, professionals, and daily commuters. The property includes two bar areas that can be reimagined for a new use. The surrounding area includes colleges, hospitals, and downtown amenities. Tenant is responsible for utilities and any interior modifications.
Key Highlights
- High foot traffic and excellent visibility on Central Avenue.
- Adaptable 3,000 sf open floor plan with high ceilings and flexible layout.
- Prime location near Rutgers University, NJIT, Essex County College, major hospitals, NJPAC, and Prudential Center.
Property Analytics
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Current Use
Lease Details
NNN (Triple Net)
Lease Type
$1.13 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
2,635
Businesses Nearby
128k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 70%
Shops & Services 30%
McDonald's
Dining
39,847 visits/mo
0.2 miles
Wendy's
Dining
24,571 visits/mo
0.2 miles
Exxon
Shops & Services
16,858 visits/mo
0.1 miles
IHOP
Dining
12,934 visits/mo
0.5 miles
Checkers
Dining
12,245 visits/mo
0.2 miles
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value
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Market
Lease Benchmarks for Newark, NJ
$21.56 /SF/Yr
Avg Asking Price
$2.49–$41.07 /SF/Yr
Price Range
6,473 SF
Avg Space Size
This space is priced 65% below the average of $21.56 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Retail space - Versatile 3,000 SF space in a high-traffic location.
Where is this retail space located?
The property is located at 415 Central Ave Newark, NJ.
What is the lease rate?
The lease rate is $3,750/Mo.
What are key features of this property?
This property features: High foot traffic and excellent visibility on Central Avenue.; Adaptable **3,000 sf open floor plan** with high ceilings and flexible layout.; Prime location near Rutgers University, NJIT, Essex County College, major hospitals, NJPAC, and Prudential Center.
