118122 Market Street, Newark, NJ 07102
118122 Market Street, Newark, NJ 07102
118122 Market Street, Newark, NJ 07102
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Naveen Sharma

Naveen Sharma

+1(732) 429-0939
$1,695,000
Est. payment /mo
10,000 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 10,000 sqft

Price per Sqft $169

Municipality Newark (NEW)

MLS Listing ID 22613733

Annual Tax Amount $29,117

Tax Year 2025

Lot Size 3,920 Sqft

Acres 0.09

Lot Dimensions 44.9 x 96.8

Property Sub-Type Commercial

Source MOREMLS (Monmouth Ocean Regional REALTORS®)

Property Description

One Unit Vacant with Access to 2nd Floor. 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.

Location

State NJ

County Essex

Area Newark

Building/Complex Name None

Direction GPS-Maps

Exterior

Parking Features On Street

Private Pool No

Building

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 14-00060-0000-00035

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Monmouth Ocean MLS (MOMLS)
Listed by Realty Of America

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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118122 Market Street