415 Central Ave, Newark City NJ 07107-3020

mixed use
Newark City
Property Media
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Property Price
$1,500,000
Year Built
1935
Tax Annual Amount
$12784
TaxYear (*text)
2025
Roof (*text)
Flat
Lot Size Area
0.07
MLS Status
Active
MLS #
4024072

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

Yearly Tax Rate
3.999
Year Built (*numeric)
1935
Basement
Yes
Roofing (*text)
Flat
Days On Market
137
Basement (*text)
Yes
Cooling (*text)
3 Units, Central Air
Heating
3 Units, Forced Hot Air
Lot Size Dimensions
30X101.8
Property Location

40.747519030844, -74.189559118822

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GSMLS
buynjhome Jagdeep

Jagdeep Singh

+1(848)242-6762