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524 Central Ave Newark City, NJ 07107
5,050 SqFt
UPDATED:
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
Heat Source Gas-Natural
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
Others
Ownership Fee Simple
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Listed by KELLER WILLIAMS - NJ METRO GROUP