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Newark Mixed-Use Redevelopment Opportunity

524 Central Ave, Newark, NJ 07107

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For Sale

$350,000

Mixed-use building in Newark's Fairmount neighborhood, ready for repositioning.

Property size:

5,500 SF

Price / SF:

$63/SF

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.
Zoned C‑2, supporting diverse residential and commercial uses.
Currently vacant and ready for repositioning.
Convenient access to transit and major Newark corridors.

We can help!

Listing Contact

CHERYL DARMANIN

For Sale

$350,000

Mixed-use building in Newark's Fairmount neighborhood, ready for repositioning.

Property size:

5,500 SF

Price / SF:

$63/SF

Added:: May 21, 2025
Days on Market:: 390
Last Refresh:: Mar 16 at 9:09 am

Property Features for 524 Central Ave

General Information

Standard status: Active
Size: 5,500 SF

Building Details

Year Built: 1979

We can help!

Listing Contact

CHERYL DARMANIN

Listing agent CHERYL DARMANIN License #111786,NEWJERSEY

Listing office KELLER WILLIAMS - NJ METRO GROUP

Listing date May 21, 2025

Source Corcoran

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

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.
Zoned C‑2, supporting diverse residential and commercial uses.
Currently vacant and ready for repositioning.
Convenient access to transit and major Newark corridors.

Overview

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.

Property Profile Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

Location Insight

Map
Local Demand

City: Newark
County: Essex
State: New Jersey
Longitude: -74.1955
Latitude: 40.7485

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For sale
Mixed-use properties
NJ
Newark
07107
524 Central Ave

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.