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    709 Frelinghuysen Ave, Unit 707 Newark, NJ 07114

    For Sale
    $1,999,000

    Commercial property near future Lionsgate Studios with redevelopment potential.

    Property Features for 709 Frelinghuysen Ave

    General Information

    Standard status
    Active

    Source: EXP REALTY, LLC Agent CARLIE CARREIRA

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

    Overview

    Frelinghuysen Avenue Commercial Property

    This commercial property is located on Frelinghuysen Avenue, near the site of the future Lionsgate Studios, with groundbreaking planned for 2026. Situated in a designated redevelopment zone, the property offers investment potential. The location provides access to New York City-bound transportation and is less than 10 minutes from Newark Liberty Airport. The property is suitable for redevelopment, leasing, or long-term investment.
    Location Intelligence

    Current Use by Public Records

    METRO PHARMACY Pharmacy Ace Pharmacy First ... Pharmacy

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.198754
    Latitude
    40.6972572

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    FAQs

    What type of property is this?
    Commercial land - Commercial property near future Lionsgate Studios with redevelopment potential.
    Where is this commercial land located?
    The property is located at 709 Frelinghuysen Ave, Unit 707 Newark, NJ.
    What is the asking price?
    The asking price for this property is $1,999,000.
    What are key features of this property?
    This property features: - Prime location steps from future Lionsgate Studios (groundbreaking in 2026).; - Designated redevelopment zone with tremendous growth potential.; - Minutes from New York City and less than 10 minutes from Newark Liberty Airport.
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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
    709 Frelinghuysen Ave, Unit 707 Newark, NJ 07114
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