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Adaptable Space on Central Avenue
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
Property Size6,000 SF
Lot Size0.07 Acres
Days on Market236

Property Features for 415 Central Ave

General Information

Standard status Active
Size 6,000 SF
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
Listed By: DONN MCDONALD
Source: Corcoran
Added: Dec 16, 2025 Changed: Aug 8 Last Checked: Apr 5 at 11:24PM

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

Current Use

Retail space

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Carpet & Flooring Store Real Estate Agency Tanning Salon Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$1.13 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,782
Businesses Nearby

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

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?
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.
More about this property
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