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.
Active
$1,599,000
895 Mayor Gibson #895, Newark City, NJ 07102
--beds
4baths
5,000sqft
Est.:
Apartment
Built in ----
-- sqft lot
$-- Zestimate®
$320/sqft
$-- HOA
What's special
- 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#: 3969074

Travel times
Tour with a buyer's agent
Tour with a buyer's agent
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
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