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Six-Unit Commercial Office Building
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43 MERCHANT ST Unit 216, Newark, NJ 07105

Well-maintained multi-unit property suited for professional, medical, retail, and service-oriented tenants.

Days on Market103

Property Features for 43 MERCHANT ST Unit 216

General Information

Standard status Active
Property subtype General Commercial

Additional Details

Highway Access Yes
Office Units 6

Building Details

Year Built 1950
Tenancy Multi
Listing Agency: FLOROSTONE REALTY INC.
Listed By: GRISELA FLORES · License #0792631
Source: Xome
Added: Apr 23 Changed: Jul 10 Last Checked: Jul 16 at 5:19AM

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 FLOROSTONE REALTY INC.

Investment Insights

Based on property information with market context.

This well-maintained commercial property contains six individual units with varying sizes, offering flexible floorplan options for different operational needs. The building is suited to a range of professional and customer-facing uses, including professional and medical offices, salons, boutiques, creative studios, and other service-oriented businesses. Multiple configurations are available, supporting different layouts as tenant requirements change.

The property is located just off Ferry Street in Newark’s Ironbound section. It benefits from a strong neighborhood presence and convenient access to the area’s core business destinations. Public transportation is nearby, and the location is described as close to Newark Penn Station, Downtown Newark, and major highways.

For buyers and operators, the combination of multiple units and adaptable configurations can support a mix of uses or tenancy models within one building. The property’s variety of unit sizes is positioned to serve both office-focused and retail/service users that require distinct spaces while remaining in a single, well-maintained structure.

Key Highlights

  • Commercial property with 6 individual units with varying sizes and price points
  • Off Ferry Street in Newark’s Ironbound section (Central Business District)
  • Level lot with dimensions 165.9x90 (165.9x90)

Property Analytics

Current Use

KR Studio Hair Salon Hopemission Assembly Of God Church Pro Art Studio Theater & Performing Art Venue Tatiane Amorim Beauty Hair Salon Mi Tierra Comida ... Restaurant

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Locksmith Restaurant Adult Day Care Pet Grooming Service Nursing Home

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

6
Office units
Multi-tenant
Tenancy
Yes
Highway access

Location Intelligence

Trade Area within ½ mile

4,062
Businesses Nearby

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 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?
Office units - Well-maintained multi-unit property suited for professional, medical, retail, and service-oriented tenants.
Where is this office units located?
The property is located at 43 MERCHANT ST Unit 216 Newark, NJ.
What is the asking price?
The asking price for this property is Off market.
What are key features of this property?
This property features: Commercial property with 6 individual units with varying sizes and price points; Off Ferry Street in Newark’s Ironbound section (Central Business District); Level lot with dimensions 165.9x90 (165.9x90)
More about this property
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