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    Established Medical Clinic with Expansion
    Updated: Jan 30
    Established Medical Clinic with Expansion

    137 Prospect St, Newark, NJ 07105

    $1,900,000
    4,000 sqft 0.10 AC lot
    Established medical clinic location for over 35 years.
    MX‑1 zoned buildable vacant lot (30x100) included, currently used for parking/garage.
    First floor medical practice featuring 4 exam rooms, kitchen, office, reception, and waiting room (approx. 2000 sq.ft.).
    Two apartments on the second floor with expansion potential.
    Finished basement provides additional space.
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    See hot listings in Newark

    Scored against comparables nationwide. These are worth a look.

    Scored against comparables nationwide. These are worth a look.

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    Based on your search, we've compiled 7 Potential Opportunities for your consideration. Besides 1 Active listings in Newark, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities, plus 2 Land Listings that present a potential for development.

    Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

    New Medical Center
    New Medical Center

    002-1306 83rd St, Brooklyn, NY 11209

    $650,000
    1,300 sqft

    The planned healthcare layout also accommodates office, adult care, nursing, and tutoring functions.

    View details
    Medical Office Space with Treatment Rooms
    Medical Office Space with Treatment Rooms

    404 32ND ST, Union City, NJ 07087

    $250,000
    1,000 sqft

    Configured for patient care with private rooms, reception, storage, and separate restrooms.

    View details
    Elevated Medical Office Space
    Elevated Medical Office Space

    849 53rd Street, Brooklyn, NY 11220

    $1,080,000
    1,079 sqft 0.09 AC lot

    Fourth-floor commercial space planned for healthcare use with flexibility for medical, adult care, nursing home, or professional office operations.

    View details
    Medical Center Commercial Building
    Medical Center Commercial Building

    510 43rd Street, Union City, NJ 07087

    Contact for pricing

    Union City property near major transportation and the Bergenline Avenue shopping district.

    View details

    Potential Development Sites for Consideration

    Can't find the perfect fit? These Land listings present an alternative path: the potential to develop a property for your specific goals.

    Important: These AI-suggestions are a starting point, not a guarantee of permitted use. All zoning, permitting, and land use information must be independently verified by you with the appropriate local authorities before making any commitments.

    Commercial Land with Mixed Zoning
    Commercial Land with Mixed Zoning

    6217-6233 MEADOWVIEW AVE, North Bergen, NJ 07047

    $4,179,999
    0.57 AC lot

    Zoned for residential and limited commercial uses, with completed environmental testing near four senior housing buildings.

    View details
    Harlem Development Opportunity
    Harlem Development Opportunity

    142 West 131st St New, York, NY 10027

    $1,499,000
    20,780 sqft 0.07 AC lot

    Vacant lot in Central Harlem, ideal for community facility.

    View details

    Newark, NJ Medical Centers Market Trends and Statistics

    Explore 1 medical centers for sale in Newark, NJ on our real estate platform. These investment opportunities span a total of 4,000 square feet of properties for sale, with an estimated market value of $1,900,000.

    Sale prices for medical buildings in Newark, NJ average $1,900,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you stay ahead with the latest data and market trends.

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    Top Commercial Asset Segments

    Commercial property segments ranked by active listings on the market

    Nursing homes 3
    Spa & wellness properties 2
    Medical centers 1
    Medical space 1
    Rehabilitation centers 1

    Demographics Overview

    Population 307K
    Population Growth (5Y) +8.9%
    Median Household Income $47,918
    College Educated 9.5%

    High-Yield Neighborhoods for Investment

    Identify Newark submarkets with the highest inventory density on the market and evaluate the average listing prices of real estate assets

    Neighborhood Average Price
    07105 $1.9M

    Taxes & Financing

    Tax Rate (average for all types) 3.63%
    Property Tax per SF $23.25 per SF
    Tax Rate vs County Average 0.60 pp above county avg
    Average Loan-to-Value 65.0%

    Listings Trend

    New vs delisted commercial listings in Essex County

    New Delisted

    Total CRE Inventory on Market (SF)

    Property Size Breakdown

    The majority of commercial real estate listings in Newark fall within the 50,000 to 100,000 square foot range.

    How Realmo verifies these figures

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