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Patric Santo Pietro

[email protected] +1(732) 570-5442

$ 1,500,000

Est. payment -/mo

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415 Central Ave Newark City, NJ 07107

5,558 SqFt

UPDATED:

Key Details

Property Type Store With Apartment

Listing Status Active

Purchase Type For Sale

Square Footage 5,558 sqft

Price per Sqft $269

Subdivision University Heights

MLS Listing ID 4024072

Year Built 1935

Annual Tax Amount $12,784

Tax Year 2025

Lot Size 3,049 Sqft

Property Description

Great multi-family building with two 4BR/2BA apartments and approximately 3,000 SF of prime ground-floor commercial space in the heart of Newark's University Heights district. The ground floor was formerly operated as a lounge and is wide-open, featuring two existing bar setups areas and an adaptable layout ideal for a restaurant or cafe. Positioned just minutes from Rutgers University, NJIT, Essex County College, major hospitals, and premier attractions like NJPAC and Prudential Center, this location enjoys strong foot traffic and excellent visibility. The surrounding area is dense with students, professionals, and daily commuters, offering a built-in audience. Two bar areas in place with high ceilings and flexible interior layout. Prominent frontage along Central Avenue, steps from public transportation and major highways. Surrounded by colleges, hospitals, and downtown amenities in one of Newark's most dynamic and fast-growing corridors. Liquor License Can be purchased separately for $155,000

Location

State NJ

County Essex

Zoning Mixed Use

Rooms

Basement Bilco-Style Door, Partial, Storage, Unfinished

Interior

Heating Gas-Natural

Cooling 3 Units, Central Air

Equipment Appliances, Fire Alarm, Kitchen Area, Restrooms - Public, Sign - Building, Sign - Roof, Smoke Detector, Storage Area(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Brick/Block, Vinyl Siding

Utilities Available Electric, Gas-Natural

Roof Type Flat

Building

Lot Description Corner

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Listed by COLDWELL BANKER REALTY

NEARBY SCHOOL & BUSINESS

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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Patric Santo Pietro

415 Central Ave Newark City, NJ 07107

Key Details

Location

Rooms

Interior

Exterior

Building

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

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415 Central Ave