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415 Central Ave

Newark City, NJ 07107
  • $1,500,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 4024072
UPDATED: 64 min ago
$1,500,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,500
    SQFT
  • $1,000
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1935
County:
Area:

School Ratings & Info

Description

Great multi-family building with two 4BR/2BA apartments and approximately 3,000 SF of prime ground-floor commercial space in the heart of Newark's University Heights district. The ground floor was formerly operated as a lounge and is wide-open, featuring two existing bar setups areas and an adaptable layout ideal for a restaurant or cafe. Positioned just minutes from Rutgers University, NJIT, Essex County College, major hospitals, and premier attractions like NJPAC and Prudential Center, this location enjoys strong foot traffic and excellent visibility. The surrounding area is dense with students, professionals, and daily commuters, offering a built-in audience. Two bar areas in place with high ceilings and flexible interior layout. Prominent frontage along Central Avenue, steps from public transportation and major highways. Surrounded by colleges, hospitals, and downtown amenities in one of Newark's most dynamic and fast-growing corridors. Liquor License Can be purchased separately for $155,000

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Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Gio | RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-06-06T17:48:56.683.
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415 Central Ave Newark City, NJ 07107

  • Price: $1,500,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 64 min ago
  • MLS #: 4024072
0
Beds
0
Baths
0
½ Baths
0.07
Acres
1,500
SQFT
$1,000
$/SQFT
1935
Built
Neighborhood:
University Heights
County:
Essex
Area:
Newark City
Property Description
Great multi-family building with two 4BR/2BA apartments and approximately 3,000 SF of prime ground-floor commercial space in the heart of Newark's University Heights district. The ground floor was formerly operated as a lounge and is wide-open, featuring two existing bar setups areas and an adaptable layout ideal for a restaurant or cafe. Positioned just minutes from Rutgers University, NJIT, Essex County College, major hospitals, and premier attractions like NJPAC and Prudential Center, this location enjoys strong foot traffic and excellent visibility. The surrounding area is dense with students, professionals, and daily commuters, offering a built-in audience. Two bar areas in place with high ceilings and flexible interior layout. Prominent frontage along Central Avenue, steps from public transportation and major highways. Surrounded by colleges, hospitals, and downtown amenities in one of Newark's most dynamic and fast-growing corridors. Liquor License Can be purchased separately for $155,000
Exterior Features

Approximate Lot Size 30X101.8 Construction Brick/BlockWood Exterior Description Brick/BlockVinyl Siding Location Business District Lot Description Corner Number Of Bays 0 Number Of Docks 0 Parking Driveway Description None Roof Description Flat

Interior Features

Basement Yes Basement Description Bilco-Style DoorPartialStorageUnfinished Cooling 3 UnitsCentral Air Equipment Available AppliancesFire AlarmKitchen AreaRestrooms - PublicSign - BuildingSign - RoofSmoke DetectorStorage Area(s) Heating 3 UnitsForced Hot Air Max Ceiling Height 10 Max Door Height 7 Number Of Lavatories 6 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Permitted Use 1st Fl CommercialUpper Floors Multi-Family Primary Property Type Store With Apartment Prior Use Bar on 1st FloorMF on Upper Floors Property Type Office/ApartmentsRestaurant/BarStore With Apartment Sale Includes Building Only Sewer Public Sewer Suite Number None Tax Amount 12784 Tax Rate Amount 3.999 Tax Rate Year 2025 Tax Year 2025 Utilities ElectricGas-Natural Water Public Water Year Built Description Approximate Zoning Mixed Use

Listing information © 2026 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of COLDWELL BANKER REALTY: 973-464-1066.


Garden State MLS logo © 2026 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Team Gio | RE/MAX Central. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Team Gio | RE/MAX Central are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2026-06-06T17:48:56.683.
 
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Team Gio | RE/MAX Central
520 Rt 9 North
Manalapan NJ, 08527