499-525 Market St - Churches FOR SALE


Newark, NJ 07107- Fairmount
$2,500,000 USD
201-359-0166
499-525 Market St, Newark, NJ for Sale
$2,500,000 USD
Churches - FOR SALE
1/2
null | Request Cap Rate

499-525 Market St
Newark, NJ 07107
Fairmount


HIGHLIGHTS

  • Historic 1889 structure with redevelopment potential
  • High renter demand with 83% occupancy within 1 mile
  • Easy access to I-280 and Garden State Parkway

OVERVIEW

Potential for 90–100 buildable units on 0.85 acres Positioned in the heart of Newark, New Jersey, 499–525 West Market Street presents a rare opportunity to acquire a ±23,000-square-foot historic church property with significant redevelopment potential. Built in 1889 and listed on the National Register of Historic Places, this site spans 0.85 acres and is zoned MX-1, allowing for low-density residential and commercial uses. With the potential to develop 90–100 units, the property is ideally suited for adaptive reuse or ground-up multifamily development.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$109 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Churches

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1889

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.6 AC

LAND SF

26,136 SF

ZONING

MX-1

APN/PARCEL ID

14-01872-0000-00002

ASK ABOUT THIS PROPERTY

Tarang RamaniLee & Associates Commercial Real Estate ServicesMore Info
201-359-0166

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Tarang RamaniLee & Associates Commercial Real Estate ServicesMore Info
201-359-0166

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