Prime Retail Space Near
For Lease
$5,000/Mo
58 Union #STORE FRONT, Newark, NJ 07105
Retail space near Ferry Street, Penn Station, and business district.
Space SizeContact for details
Days on Market112
Property Features for 58 Union #STORE FRONT
General Information
Standard status
Active
Property subtype
Commercial
Listing Agency:
THE BIXLER GROUP, LLC
(201) 991-0032
Listed By:
LUIS PINTO
Source:
Corcoran
Added: Apr 27
Changed: Jul 6
Last Checked: Aug 16 at 6:22AM
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 THE BIXLER GROUP, LLC
Investment Insights
Based on property information with market context.
This retail space is located in a new building, approximately 100 feet from Ferry Street and within walking distance of Penn Station and the Newark business district. The location benefits from a high volume of foot traffic and strong demographics. The space is 1461 square feet and includes a large basement and patio area, suitable for outdoor dining. The retail space features high ceilings and a sprinkler system. Lease terms are negotiable, with a preference for a minimum of 5 years. The landlord may offer free months of rent and potentially assist with parking. A liquor license is available for sale separately. This is a blank space ready for customization.
Key Highlights
- Prime location: Steps from Ferry Street, near Penn Station and Newark Business District.
- Large 1461 sq ft retail space with additional basement and patio.
- Negotiable lease terms, preferably 5‑year minimum.
Property Analytics
Property Profile
Current Use
Lease Details
NNN (Triple Net)
Lease Type
$6.16 /SF/Yr
CAM
Location Intelligence
Trade Area within ½ mile
6,297
Businesses Nearby
231k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 42%
Groceries 21%
Dining 13%
Hotels & Casinos 11%
Seabra's Market
Groceries
47,485 visits/mo
0.3 miles
McDonald's
Dining
22,083 visits/mo
0.4 miles
DoubleTree by Hilton Newark Penn Station
Hotels & Casinos
16,051 visits/mo
0.3 miles
BP
Shops & Services
14,035 visits/mo
0.4 miles
Bank of America
Shops & Services
13,516 visits/mo
0.4 miles
Demographics for 07105, NJ
50,870
Population
20,608
Households
2.5
Avg Household Size
35
Median Age
15%
College-Educated
70%
High-School Grad
4.6 sq mi
ZIP Area
11,059
Density / Sq Mi
$55,752
Median Household Income
$33,175
Median Earnings
$1,600
Median Rent
$445,900
Median Home Value
Market
Lease Benchmarks for Newark, NJ
$18.76 /SF/Yr
Avg Asking Price
$2.49–$41.07 /SF/Yr
Price Range
6,445 SF
Avg Space Size
This space is priced 119% above the average of $18.76 /SF/Yr.
Vacancy Rate% for Retail in Northeast region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Retail space near Ferry Street, Penn Station, and business district.
Where is this retail space located?
The property is located at 58 Union #STORE FRONT Newark, NJ.
What is the lease rate?
The lease rate is $5,000/Mo.
What are key features of this property?
This property features: Prime location: Steps from Ferry Street, near Penn Station and Newark Business District.; Large 1461 sq ft retail space with additional basement and patio.; Negotiable lease terms, preferably 5‑year minimum.
