118 Market St, Newark City, NJ, 07102

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$1,695,000
31 Days On Site

118 Market St
Newark City, NJ 07102

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
10,000
SqFt
$170
/SqFt
County:
Essex

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118 Market St118 Market St118 Market St118 Market St
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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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Listing Snapshot
Price 
$1,695,000
Days On Site 
31 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,000 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1 Acres
Year Built 
N/A
MLS® Number 
4027550
Status 
Active
Property Tax 
$29,116
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
a month agoListing first seen on site
General Features
Acres 
0.1
Number Of Stories 
2
Sewer 
Public Sewer
SqFt Total 
10000
Utilities 
Natural Gas Available
Water Source 
Public
Zoning 
RDV/SD
Interior Features
Basement 
FullUnfinished
Heating 
Natural Gas
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Listing courtesy of REALTY OF AMERICA

The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.

Neighborhood & Commute
Source: Walkscore
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