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    58 Union St Newark, NJ 07105

    For Sale
    $160,000

    Retail space with liquor license, near Ferry Street and Penn Station.

    Property Features for 58 Union St

    General Information

    Standard status
    Active

    Source: THE BIXLER GROUP, LLC Agent LUIS PINTO

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

    Overview

    Retail Space Near Ferry Street

    This 1461-square-foot retail space is located in close proximity to Ferry Street, within walking distance of Penn Station and the Newark business district, benefiting from significant foot traffic. The property includes a large basement and patio area suitable for outdoor dining. The space features high ceilings and is situated in a new building equipped with a sprinkler system. The landlord is offering six months of free rent. The sale includes a liquor license with negotiable lease terms, preferably a minimum of five years. The landlord may be able to assist with parking. This space is ideal for realizing your business ideas.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Dietze Building Architect

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1636271
    Latitude
    40.7314893

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    FAQs

    What type of property is this?
    Retail space - Retail space with liquor license, near Ferry Street and Penn Station.
    Where is this retail space located?
    The property is located at 58 Union St Newark, NJ.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: - Prime location: Just steps from Ferry Street, enjoy walking distance to Penn Station and the Newark Business District.; - Includes a liquor license.; - Negotiable lease terms with 6 months of free rent.
    (201) 991-0032
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    58 Union St Newark, NJ 07105
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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
    58 Union St Newark, NJ 07105
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