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    Historic Theater in Newark's West Ward
    Updated: May 11, 2023
    Historic Theater in Newark's West Ward

    983-987 Orange, Newark, NJ 07106

    $930,000
    High foot traffic location at the intersection of two major avenues, near Seton Hall.
    Significant land and space value.
    Unique Spanish Atmospheric style architecture.
    Historical significance as the former Stanley Theater.
    Adaptable space previously used as a theater, social hall, and tabernacle.
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    See what stands out in Essex County

    We check every for-sale listing in the county against comparable properties across the country. Most price about where you would expect. A few are worth a second look.

    We check every listing here. A few are worth a second look.

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    Based on your search, we've compiled 5 Potential Opportunities for your consideration. Besides 1 Active listings in Newark, NJ, we suggest exploring several alternatives: 4 properties in Nearby Cities

    Opportunities in Nearby Cities

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

    Three-Story Music Venue & Bar
    Three-Story Music Venue & Bar

    410 410-12 W Girard Ave, Philadelphia, PA 19123

    $725,000
    4,860 sqft

    Three-story building with historic character, currently operating as a music venue and bar, included with 410–412 W Girard Ave.

    View details
    Historic Theater with Apartments
    Historic Theater with Apartments

    39 W Black Well St Abcde, Dover, NJ 07801

    $3,750,000
    5,413 sqft 0.46 AC lot

    Historic 1200-seat theater with retail space and apartments.

    View details
    Three-Story Mixed-Use Building
    Three-Story Mixed-Use Building

    410-12 W GIRARD AVENUE, Philadelphia, PA 19123

    $725,000

    Existing bar and music venue occupy the property, with upper-level space requiring substantial renovation.

    View details
    Historic Theater with Retail, Apartments
    Historic Theater with Retail, Apartments

    39 W Black Well St Abcde, Dover, NJ 07801

    $3,750,000
    0.46 AC lot

    Historic 1200-seat theater with retail space and apartments.

    View details

    Newark, NJ Theaters & Concert Halls Market Trends and Statistics

    Explore 1 theaters & concert halls for sale in Newark, NJ on our real estate platform.

    Sale prices for performance venues in Newark, NJ average $930,000 — 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

    Night clubs 6
    Fitness centers & gyms 1
    Theaters & concert halls 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
    07106 $930K

    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)

    Average Property Price per SF

    For-sale pricing trends across core commercial property types in Essex County

    Residential Income

    Property Size Breakdown

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

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