Skip main navigation
Active
  • $1,599,000

    895 Mayor Gibson #895, Newark City, NJ 07102

    --beds
    4baths
    5,000sqft
    : 
    Apartment
    Built in ----
    -- sqft lot
    $-- Zestimate®
    $320/sqft
    $-- HOA

    What's special

    LOCATION, LOCATION, LOCATION!Located directly across from Newark Town Hall, this rare investment opportunity is perfect for builders and investors looking to capitalize on one of the city?s most sought-after commercial streets. The property currently operates as a Crown Fried Chicken (owned by the seller) and a nail salon generating $4,000/month in rental income. The property can be delivered fully vacant, offering flexibility for the buyer to reimagine its use. Development Opportunity: Per seller (buyer to conduct due diligence), zoning allows for the construction of up to 4 floors plus a ground floor, accommodating 12 residential units and 2 commercial spaces. This property is a true gem for investors and developers seeking to expand their portfolio. With unmatched location and versatile development potential, it?s a chance to create a significant asset in Newark?s bustling urban landscape.
    68 days
    on Zillow
    |
    184
    |
    4
    |

    Zillow last checked: 14 hours ago

    Listing updated: June 12, 2025 at 07:39am

    Listed by:

    Masha Landkof 973-474-0052,

    Real

    Source: GSMLS,MLS#: 3969074MLS Logo
    Travel times

    Tour with a buyer's agent

    We'll find a local expert to take you on a private tour of 895 Mayor Gibson #895.

    Next available tour time:Today at 1pm

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bathrooms: 4
    Heating
    • See Remarks, Natural Gas
    Cooling
    • See Remarks
    Features
    • Flooring: Laminate
    • Doors: Max Door Height: 9999
    • Basement: Yes,Full,Walk-Out Access
    Interior area
    • Total structure area: 5,000
    • Total interior livable area: 5,000 sqft

    Property

    Parking
    • Parking features: On-Street Parking
    • Has uncovered spaces: Yes
    Features
    • Stories: 3
    Lot
    • Size: 4,791.6 Square Feet
    • Dimensions: 30.10 x 166
    • Features: Business District
    Details
    • Parcel number: 1614000930000000170000
    • Zoning description: COMMERCIAL
    • Other equipment: Appliances, Refrigeration Unit

    Construction

    Type & style
    • Home type: Apartment
    • Property subtype: Apartment
    • Attached to another structure: Yes
    Materials
    • Metal Frame
    • Roof: Flat

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public
    • Utilities for property: Underground Utilities

    Community & HOA

    Community
    • Security: Fire Alarm, Smoke Detector(s)
    Location
    • Region: Newark

    Financial & listing details

    • Price per square foot: $320/sqft
    • Tax assessed value: $700,000
    • Annual tax amount: $26,621
    • Date on market: 6/12/2025
    • Inclusions: Building & Business, Building & Land, Equipment, Inventory, Operating Licenses
    • Ownership type: Fee Simple
    • Loading
    • Loading