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$ 1,695,000
Est. payment | /mo
8,000 SqFt
$ 1,695,000
Est. payment | /mo
8,000 SqFt
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $211
MLS Listing ID 4027550
Annual Tax Amount $29,116
Tax Year 2025
Lot Size 4,356 Sqft
Property Description
Positioned in the core of Downtown Newark's main commercial corridor, 118-122 Market Street offers a 8,000 SF asset with immediate value-add and long-term Redevelopment upside for mixed use. Surrounded by major anchors including Prudential Financial, Prudential Center, New Jersey Performing Arts Center, Rutgers University-Newark, and New Jersey Institute of Technology, the property sits in a rapidly evolving, transit-oriented district driven by residential growth and redevelopment. Two attached commercial units. Flexible second-floor layout ideal for conversion. Basement storage supporting retail or redevelopment. Best suited for a developer to build residential for surrounding Universities and Business District employees.
Location
State NJ
County Essex
Zoning RDV/SD
Rooms
Basement Full, Storage, Unfinished
Interior
Heating Gas-Natural
Cooling See Remarks
Equipment See Remarks
Heat Source Gas-Natural
Exterior
Exterior Feature See Remarks
Utilities Available Electric, Gas-Natural
Roof Type See Remarks
Building
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by REALTY OF AMERICA
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