524 Central Ave Newark, NJ 7107
Mixed-use building in Newark's Fairmount neighborhood, ready for repositioning.
Property size:
5,500 SFPrice / SF:
$63/SF- Added:
- May 21, 2025
- Days on Market:
- 344
- 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
Listing agent CHERYL DARMANIN License #111786,NEWJERSEY
Listing office KELLER WILLIAMS - NJ METRO GROUP (973) 783-7400
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
Overview
Newark Mixed-Use Redevelopment Opportunity
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
Insight Report
Location Intelligence
Current Use by Public Records
Retail space
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1955
- Latitude
- 40.7485
Nearby Similar for Sale
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.
