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    500 Clinton Ave Newark, NJ 07108

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    For Sale
    $420,000

    High-traffic location with two units, one occupied, one vacant.

    Property Features for 500 Clinton Ave

    General Information

    Standard status
    Active
    Source: Corcoran

    Listing Agent: Gang Wu

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Property Near Downtown Newark

    This commercial property is situated in a high-traffic area, located minutes from Downtown Newark and one block from the Police Headquarters. The property features two separate commercial spaces. Unit 1 is currently occupied by a barbershop. Unit 2 is a vacant former restaurant that has been recently renovated. The property is being sold "AS IS", and the buyer will assume the existing tenancy.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    D' OVA BARBER ... Barber Shop

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2008867
    Latitude
    40.7214671

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    FAQs

    What type of property is this?
    Retail space - High-traffic location with two units, one occupied, one vacant.
    Where is this retail space located?
    The property is located at 500 Clinton Ave Newark, NJ.
    What is the asking price?
    The asking price for this property is $420,000.
    What are key features of this property?
    This property features: - High-traffic location near Downtown Newark; - Excellent visibility for tenants; - Two separate commercial spaces
    (201) 461-5000
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    500 Clinton Ave Newark, NJ 07108
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    Newark, NJ 07108
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    500 Clinton Ave Newark, NJ 07108
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