Properties

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

Features

  • Heating System : Forced Hot Air, 3 Units
  • Cooling System : 3 Units, Central Air
  • Basement : Partial, Unfinished, Storage, Bilco-style Door
  • Roof Deck : Flat
  • Lot Description: Corner
  • Tax Assessed Valuation: 319700
  • Sewer: Public Sewer
  • Water: Public Water

Appliances

  • Utilities: Electric, Gas-Natural
  • Internet

Additional Info

  • Office Name: COLDWELL BANKER REALTY
  • Office MLS ID: 0024A4
  • Agent ID: 266378
  • Tax: 12784
  • Tax Year: 2025
  • Application Fee: $0
  • Zoning: Mixed Use

Commercial For Sale

For Sale
$1,500,000

415 Central Ave, Newark City, *

  • SQFT 30 Acre
  • Built Year 1935

Details

  • Property Type: Commercial
  • Listing Type: For Sale
  • Listing ID: 5428054
  • Price: $1,500,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1935
  • Year Built Description: Approximate
  • Lot Area: 30 Acre
  • Status: Active
  • Days On Market: 137

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Subdivision: University Heights
  • Street: Central Ave
  • Street Number: 415
  • Street Direction: Corner of Central Ave and 2nd Street
  • Floor Number: 0
  • Longitude: W75° 48' 37.6''
  • Latitude: N40° 44' 51.1''
  • Internet Display Address: Yes
Property