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    769 Broadway Newark, NJ 07104

    For Sale
    $995,000

    10,000 sqft lot zoned C-2, mixed-use redevelopment potential.

    Property size:
    10,000 SF
    Lot size:
    0.23 Acres

    Property Features for 769 Broadway

    General Information

    Size
    10,000 SF
    Lot size
    0.23 Acres

    Building Details

    Year built
    1900

    Source: KELLER WILLIAMS PARK VIEWS Agent ALFREDO SILVA

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

    Overview

    Redevelopment Opportunity in Newark City

    This property presents a redevelopment opportunity with a lot size of 100x100. Zoned C-2 mixed-use, it is suitable for residential and commercial redevelopment. The site includes parking space for 40+ cars. The property currently trades as Bens Auto Repair, an established business of over 40 years. All equipment is included in the sale, except for the tools. A business-only purchase is possible.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Perez Auto Center, ... Auto Repair Shop

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Hair Salon Dental Office Clothing Store Nail Salon Food Market Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1580767
    Latitude
    40.7761482

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    FAQs

    What type of property is this?
    Commercial land - 10,000 sqft lot zoned C-2, mixed-use redevelopment potential.
    Where is this commercial land located?
    The property is located at 769 Broadway Newark, NJ.
    What is the asking price?
    The asking price for this property is $995,000.
    What are key features of this property?
    This property features: - Redevelopment Opportunity: Ideal for residential and commercial projects.; - Large Lot Size: 100x100 provides ample space for development.; - C-2 Mixed-Use Zoning: Supports diverse development options.
    (201) 939-0050
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    769 Broadway Newark, NJ 07104
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    Newark, NJ 07104
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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
    769 Broadway Newark, NJ 07104
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