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.
8,000 Sq Ft
4,356 Sq Ft Lot Size
commercial
$2,426 Monthly Tax
MLS/Listing ID 4027550
2 Stories
2 Units
Public Sewer
Public Water
TOTAL MONTHLY COST
$0
$0
$0