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Under contract
  • $350,000

    524 Central Ave #0, Newark City, NJ 07107

    --beds
    0baths
    5,050sqft
    : 
    Apartment
    Built in 1979
    -- sqft lot
    $-- Zestimate®
    $69/sqft
    $-- HOA

    What's special

    Strong street exposureResidential unitsGround-floor retail spaceCorner building
    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
    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#: 3964526MLS Logo
    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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