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499-525 W Market Street Newark, NJ 7107

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For Sale
$2,200,000

23,000 SF historic building on 0.85 acres.

Type:Special Purpose
Property size:
23,000 SF
Added:
Nov 26, 2025
Days on Market:
128
Last Refresh:
Apr 1 at 9:56 pm

Property Features for 499-525 W Market Street

General Information

Standard status
Active
Size
23,000 SF
Property subtype
Special Purpose

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Listing Contact
Tarang Ramani

Listing agent Tarang Ramani

Listing office

Listing date Nov 26, 2025

Source Lee-associates

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 Tarang Ramani


Overview

Historic Building in Newark

The property is a ±23,000 square foot building constructed in 1889. The lot size is 0.85 acres, which is equivalent to 37,026 square feet. There are approximately 15 on-site parking spaces. The property is listed on the National Register of Historic Places. It is zoned MX-1 – Low Density Residential Commercial, allowing for 90 to 100 buildable units.
Location Intelligence

Current Use by Public Records

Churches & religious facilities

Suggested Use

Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Newark
County
Essex
State
New Jersey
Longitude
-74.1563
Latitude
40.7323

FAQs

What type of property is this?
Church & religious facility - 23,000 SF historic building on 0.85 acres.
Where is this church & religious facility located?
The property is located at 499-525 W Market Street Newark, NJ.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: Buildable Units: **90‑100 units allowed**, offering significant development potential.; Large Lot Size: 0.85 acres (37,026 SF) provides ample space.; Historic Significance: Listed on the National Register of Historic Places, offering **unique character and potential tax benefits**.
More about this property
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