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$1,695,000

020

MLS® 4027550

  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size -
Garage 
Taxes $29,116
Days Active 1
Lot Size 
Approx. Age 0
MLS® Number 4027550

Property Address: 118 Market St, Newark, NJ, 07102-2815

Average square foot calculated using Size range provided by listing agent.

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.
MLS® Number4027550
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age0
BasementFull, Storage, Unfinished
DrivewaySee Remarks
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

May 14, 2026List Date
$1,695,000List Price
  • Commute

Commute

Starting Address
Destination Address
118 Market St, Newark,

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