Newark Mixed-Use Redevelopment
524 Central Ave Newark, NJ 07107
524 Central Ave, Newark, NJ, 07107
$350,000
For Sale
$350,000
Mixed-use building in Newark's Fairmount neighborhood, ready for repositioning.
Property Size5,500 SF
Price / SF$63.64
Days on Market424
Property Features for 524 Central Ave
General Information
- Standard status
- Active
- Size
- 5,500 SF
Building Details
- Year Built
- 1979
Listing Agency
KELLER WILLIAMS - NJ METRO GROUP
(973) 783-7400
Listed by
CHERYL DARMANIN · License #111786,NEWJERSEY
Source
Corcoran
Added: May 21, 2025 Checked: Mar 16 at 9:09 am
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 - NJ METRO GROUP
Investment Insights
Based on property information with market context.
Located in Newark's Fairmount neighborhood, this is a rare redevelopment opportunity. The 3-story mixed-use corner building has a total area of 5,500 square feet. It features 6 residential units, including five 1-bedroom units and one 3-bedroom unit, along with a 1,200 square foot ground-floor retail space. The property is zoned C-2, which supports a mix of residential and commercial uses. Situated on a 2,367 square foot lot, the building benefits from strong street exposure at the corner of Central Avenue and South 9th Street. The property is currently vacant and ready for repositioning. It offers convenient access to transit and major Newark corridors. This property is being sold in As-Is Condition. Open or outstanding real estate taxes and water/sewer liens are to be paid by the seller at closing. ANS Title is required for Title Insurance.
Key Highlights
- Rare redevelopment opportunity in Newark's Fairmount neighborhood.
- 5,500 SF mixed‑use corner building with strong street exposure.
- Six residential units (five 1‑bedroom, one 3‑bedroom) plus 1,200 SF ground‑floor retail space.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use building in Newark's Fairmount neighborhood, ready for repositioning.
Where is this mixed-use property located?
The property is located at 524 Central Ave Newark, NJ.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Rare redevelopment opportunity in Newark's Fairmount neighborhood.; **5,500 SF mixed‑use corner building** with strong street exposure.; Six residential units (five 1‑bedroom, one 3‑bedroom) plus 1,200 SF ground‑floor retail space.
