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118 Market St Newark, NJ $ 1,695,000
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$ 1,695,000 Get more info
118 Market St
$ 1,695,000
Back to search
Share Save

118 Market St

Newark, NJ, 07102
$ 1,695,000
Bedrooms-- Baths-- Sq 8,000

Monthly Estimate*

$ 10,436

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Commercial Property for sale in Newark, NJ

for $1,695,000 with 2 half baths. This 8,000 square foot building was built on a lot size of 0.1.

One Unit Vacant with Access to 2nd Floor, potential for additional source of income. 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.

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Commercial Active

Price

$ 1,695,000

Half Bath

2

Property Type

Commercial

Taxes

$ 29,116

Style

Lot Size

0.1

Town/City

Newark

County/Region

Essex

MLS | Web ID

4027550
Features
General
Sewer Public Sewer
Construction See Remarks
Heating See Remarks
Cooling See Remarks
Utilities Electric Gas-Natural
Possession At Closing
Roof See Remarks
Zoning RDV/SD
Year Built 0
Township Newark City
Property Type See Remarks See Remarks
Tax Year 2025
Ownership Fee Simple
Location See Remarks
County Essex
Status Active
Directions Take exit towards Newark to Market Street.
Number Of Units Total 2
Tax Annual Amount 29116
Drive See Remarks
Leasable Area 0
Standard Status Active
Tax Assessed Value 728100
Town # 1614
Tax Lot 35
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Interior
Basement Full Storage Unfinished
Fuel Type Gas-Natural
Total Stories 2
Half Baths 2
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Exterior
Water Source Public Water
Exterior Description See Remarks
Building Area Total 10000
Lot Dimensions 44.9X96.8
Lot Size Acres 0.10
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* Excluded Features
List By
KEVIN SHARKEY

Listing Agent

Realty Of America

Broker

Affordability Calculator

$12,863
Per Month
81%
19%
0%
Monthly Principal & Interest
$10,436
Monthly Property Taxes
$2,426
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
291163 Elementary School
291353 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/14/2026$1,695,000 Listed Price

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118 Market St, Newark, NJ, 07102 is a Commercial Property for sale at $1,695,000 with 8,000 sqft and a lot size of 0.1. The property's zip code is 07102 which is in Newark, NJ

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