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118-122 Market Street Newark, NJ $ 1,695,000
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118-122 Market Street
$ 1,695,000
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118-122 Market Street

Newark, NJ, 07102
$ 1,695,000
Bedrooms-- Baths-- Sq 10,000

Monthly Estimate*

$ 10,436

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Commercial Property for sale in Newark, NJ

for $1,695,000. This 10,000 square foot building was built on a lot size of 0.09.

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

Property Type

Commercial

Taxes

$ 29,117

Style

Lot Size

0.09

Town/City

Newark

County/Region

Essex

MLS | Web ID

22613733
Features
General
Sewer Public Sewer
Garage Spaces 0.0
Stories Count 2
Property Subtype Commercial
Tax Year 2025
Business Type Other
County Essex
New Construction N
Property Type Commercial Sale
Subdivision Name None
Garage Y/N N
Status Active
Directions GPS-Maps
City Newark
Zoning Description Multi-Use Mixed Commercial
MLS Area Newark
Lot Size Square Feet 3920.4
Carport Y/N N
Tax Annual Amount 29117.0
Home Warranty Y/N N
Lease Renewal Y/N N
MLS Area Minor Newark (NEW)
Additional Parcels Y/N N
Leasable Area 8000.0
Lease Considered Y/N N
Rent Control Y/N N
Standard Status Active
Tax Assessed Value 728100
Senior Community None
Water Body Access Y/N None
Accessibility Features Y/N None
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Exterior
Parking Features On Street
Water Source Public
Lot Size Area 0.09
Spa N
Building Area Total 10000.0
Lot Dimensions 44.9 x 96.8
Lot Size Acres 0.09
Crops Included Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Interior
Total Fireplaces 0
Total Baths 0
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Internal Only
Street Number 1 118122
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* Excluded Features
List By
Kevin Sharkey

Listing Agent

Realty Of America

Broker

k.sharkey@realtyofamerica.com

Email

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
742343 Elementary School
742618 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/11/2026$1,695,000 Listed Price

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118-122 Market Street, Newark, NJ, 07102 is a Commercial Property for sale at $1,695,000 with 10,000 sqft and a lot size of 0.09. The property's zip code is 07102 which is in Newark, NJ

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