118 Market St , Newark City, New Jersey 07102-2815

  • $1,695,000

Description

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.

  • City: Newark City
  • State/county: Essex

Details

Updated on May 21, 2026 at 12:14 pm
  • Property ID HZ4027550
  • Price $1,695,000
  • Property Size 10000
  • Property Status Active

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Queens Realty New Jersey

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