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Open-Plan Retail Space
For Lease
$3,750/Mo

415 Central Ave #1, Newark, NJ 07107

High ceilings, two existing bar areas, and a prominent Central Avenue frontage offer layout flexibility.

Space Size3,000 SF
Days on Market260

Property Features for 415 Central Ave #1

General Information

Standard status Active
Size 3,000 SF
Net Rentable 3,000 SF
Zoning C-2

Space & Availability

Available Space 3,000 SF
Contiguous Space 3,000 SF
Space Use Office

Site & Location

Highway Access Yes
Public Transit Yes
Utilities to Site Yes

Amenities

high ceilings
bar areas

Building Details

Building Size 3,000 SF
Year Built 1920
Listing Agency: Coldwell Banker Realty
Listed By: Donn McDonald
Source: Betterhomerealestate
Added: Dec 14, 2025 Changed: Aug 30 Last Checked: Aug 30 at 2:58PM

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 retail space at 415 Central Ave #1 features an open floor plan, high ceilings, and frontage along Central Avenue. Two bar areas are already in place and can be adapted for a new concept. The property dates to 1920 and carries C-2 zoning.

The space is positioned near Rutgers University, NJIT, Essex County College, major hospitals, NJPAC, and Prudential Center. Public transportation and major highways are steps away, with colleges, medical facilities, and downtown amenities surrounding the property. The tenant is responsible for utilities and any interior modifications.

Key Highlights

  • 3,000 SF open floor plan
  • Prominent frontage along Central Avenue
  • High ceilings and flexible interior layout

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

Yes
Highway access
Yes
Utilities to site
NNN (Triple Net)
Lease Type
$2.25 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

2,635
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

Lease Benchmarks for Newark, NJ

$18.76 /SF/Yr
Avg Asking Price
$2.49–$41.07 /SF/Yr
Price Range
6,735 SF
Avg Space Size

This space is priced 20% below the average of $18.76 /SF/Yr.

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 - High ceilings, two existing bar areas, and a prominent Central Avenue frontage offer layout flexibility.
Where is this retail space located?
The property is located at 415 Central Ave #1 Newark, NJ.
What is the lease rate?
The lease rate is $3,750/Mo.
What are key features of this property?
This property features: 3,000 SF open floor plan; Prominent frontage along Central Avenue; High ceilings and flexible interior layout
More about this property
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