Rare redevelopment opportunity in Newark's Fairmount neighborhood. This 3-story, 5,500 SF mixed-use corner building features 6 residential units (five 1-bedrooms and one 3-bedroom) and a 1,200 SF ground-floor retail space. Zoned C-2, it supports a mix of residential and commercial uses. The property sits on a 2,367 SF lot with strong street exposure at Central Ave and South 9th Street. Currently vacant and ready for repositioning. Convenient access to transit and major Newark corridors. A compelling opportunity for investors or developers.As-Is ConditionSeller makes no warranties regarding C/O, outstanding Violations, OccupantsNo ContingenciesOpen/Outstanding Real Estate Taxes and/or Water/Sewer liens to be paid by Seller at ClosingANS Title required for Title Insurance
Under contract
$350,000
524 Central Ave #0, Newark City, NJ 07107
--beds
0baths
5,050sqft
Est.:
Apartment
Built in 1979
-- sqft lot
$-- Zestimate®
$69/sqft
$-- HOA
What's special
Strong street exposureResidential unitsGround-floor retail spaceCorner building
- 79 days
- on Zillow |
- 169 |
- 9 |
Zillow last checked: 18 hours ago
Listing updated: August 06, 2025 at 05:52am
Listed by:
Cheryl Darmanin 973-783-7400,
Keller Williams - Nj Metro Group,
Rashad Davis
Source: GSMLS,MLS#: 3964526

Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Radiators - Hot Water, See Remarks, Natural Gas
Cooling
- Window Unit(s)
Features
- Flooring: Tile, Wood
- Doors: Max Door Height: 0
- Basement: None
Interior area
- Total structure area: 5,500
- Total interior livable area: 5,050 sqft
Property
Parking
- Parking features: None
Features
- Stories: 3
Lot
- Size: 2,178 Square Feet
- Dimensions: 28.3 x 95
- Features: Corner Lot, Level, Business District, Corner
Details
- Parcel number: 1614018280000000010000
- Zoning description: C-2
- Other equipment: Appliances
Construction
Type & style
- Home type: Apartment
- Property subtype: Apartment
- Attached to another structure: Yes
Materials
- Brick/Block, Wood, Wood Siding
- Roof: Built-Up
Condition
- Year built: 1979
Utilities & green energy
- Gas: Gas-Natural
- Sewer: See Remarks
- Water: Public
- Utilities for property: Natural Gas Connected, Garbage Included
Community & HOA
Community
- Security: Smoke Detector(s)
Location
- Region: Newark
Financial & listing details
- Price per square foot: $69/sqft
- Tax assessed value: $160,000
- Annual tax amount: $6,084
- Date on market: 5/21/2025
- Inclusions: Building Only
- Ownership type: Fee Simple
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