Second-Story Office
For Lease
$3,300/Mo
48 Commerce St #2, Newark, NJ 07102
An open workspace offers a private entrance, kitchenette, private bathroom, and central heating and air conditioning.
Space Size2,200 SF
Days on Market24
Property Features for 48 Commerce St #2
General Information
Standard status
Active
Size
2,200 SF
Net Rentable
2,200 SF
Zoning
Commercial
Space & Availability
Available Space
2,200 SF
Contiguous Space
2,200 SF
Divisible
Yes
Floor
2
Space Use
Office
Site & Location
Neighborhood
Central Business District
Highway Access
Yes
Public Transit
Yes
Amenities
private bathroom
kitchenette
private entrance
modern drop ceiling with new lighting
central air and heat
Building Details
Building Size
2,200 SF
Stories
2
Units
2
Listing Agency:
Keller Williams City Views Realty
(201) 592-8900
Listed By:
Michael E. Dibi
(201) 749-2056
Source:
Cammarotarealestate
Added: Oct 1
Changed: Oct 22
Last Checked: Oct 22 at 2:34PM
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 Keller Williams City Views Realty
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Investment Insights
Based on property information with market context.
This 2,200-square-foot office suite occupies the second story and features an open layout that can be divided into private offices or cubicle space. Improvements include a drop ceiling with new lighting, central air conditioning and heat, a private bathroom, and a kitchenette. A separate entrance provides direct access to the suite, which is zoned Commercial.
The property is in downtown Newark, near the Prudential Center and Newark Penn Station. The Gateway Building, which connects to Penn Station, is also nearby. Train, bus, and major highway access serve the area.
The property is in downtown Newark, near the Prudential Center and Newark Penn Station. The Gateway Building, which connects to Penn Station, is also nearby. Train, bus, and major highway access serve the area.
Key Highlights
- 2,200‑square‑foot second‑story office suite
- Open plan can be divided into private offices or cubicle space
- Private entrance, bathroom, and kitchenette
Property Analytics
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Current Use
Lease Details
Yes
Highway access
NNN (Triple Net)
Lease Type
$2.70 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
6,372
Businesses Nearby
Explore this area
Business Placement
Demographics for 07102, NJ
15,047
Population
6,574
Households
2.3
Avg Household Size
34
Median Age
30%
College-Educated
82%
High-School Grad
1.1 sq mi
ZIP Area
13,679
Density / Sq Mi
$37,093
Median Household Income
$42,234
Median Earnings
$1,141
Median Rent
$293,900
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Newark, NJ
$22.52 /SF/Yr
Avg Asking Price
$13.64–$39.27 /SF/Yr
Price Range
10,962 SF
Avg Space Size
This space is priced 20% below the average of $22.52 /SF/Yr.
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Office unit - An open workspace offers a private entrance, kitchenette, private bathroom, and central heating and air conditioning.
Where is this office unit located?
The property is located at 48 Commerce St #2 Newark, NJ.
What is the lease rate?
The lease rate is $3,300/Mo.
What are key features of this property?
This property features: 2,200‑square‑foot second‑story office suite; Open plan can be divided into private offices or cubicle space; Private entrance, bathroom, and kitchenette
