415 Central Ave - Apartments FOR SALE


Newark, NJ 07107- Fairmount
$1,500,000 USD
973-464-1066
415 Central Ave, Newark, NJ for Sale
$1,500,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

415 Central Ave
Newark, NJ 07107
Fairmount


OVERVIEW

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

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$167 USD /SF

# OF UNITS

2

PRICE/UNIT

$750,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1900

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,329 SF

ZONING

C-2

APN/PARCEL ID

14-01846-0000-00023

ASK ABOUT THIS PROPERTY

Donn McDonaldColdwell Banker Commercial NRTMore Info
973-464-1066

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Donn McDonaldColdwell Banker Commercial NRTMore Info
973-464-1066

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.