524 Central Ave new Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07107
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,050 sqft
Price per Sqft $69
MLS Listing ID 3964526
Year Built 1979
Annual Tax Amount $6,084
Tax Year 2024
Lot Size 2,178 Sqft
Property Sub-Type Mixed Use
Property Description
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.
Location
State NJ
County Essex
Zoning C-2
Interior
Heating Gas-Natural
Cooling Window A/C(s)
Flooring Tile, Wood
Equipment Appliances, Smoke Detector
Exterior
Exterior Feature Brick/Block, Wood
Utilities Available Gas-Natural
Roof Type Built-Up
Building
Lot Description Corner, Level Lot
Story 3
Sewer See Remarks
Water Public Water