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118-122 Market StreetNewark, NJ 07102

Commercial · 10,000 Sq. ft. | 0.09 Acres
$1,695,000 Active

118-122 Market Street Overview

Time on Site:
49 days
Visits:
1

One Unit Vacant with Access to 2nd Floor. Positioned in the core of Downtown Newark's main commercial corridor, 118-122 Market Street offers a 8,000 SF asset with immediate value-add and long-term Redevelopment upside for mixed use. Surrounded by major anchors including Prudential Financial, Prudential Center, New Jersey Performing Arts Center, Rutgers University-Newark, and New Jersey Institute of Technology, the property sits in a rapidly evolving, transit-oriented district driven by residential growth and redevelopment. Two attached commercial units. Flexible second-floor layout ideal for conversion. Basement storage supporting retail or redevelopment. Best suited for a developer to build residential for surrounding Universities and Business District.

Listing provided courtesy of Realty Of America- MLS# 22613733MLS Provider
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118-122 Market Street Facts & Features

  • Type Commercial
  • Sq. ft. 10,000
  • Price/Sq.ft. $170
  • Lot 0.09 Acres

Details

General

Building Information

  • New Construction: No

Business Information

  • Business Type: Other

Location/Region

  • County Or Parish: Essex
  • MLS Area Major: Newark
  • MLS Area Minor: Newark (NEW)
  • Subdivision Name: None

Tax Information

  • Tax Annual Amount: $29,117.00
  • Tax Assessed Value: $728,100.00
  • Tax Year: 2025

General Information

  • Parcel Number: 14-00060-0000-00035
  • Property Sub Type: Commercial
  • Property Type: Commercial Sale

Interior

Parking Information

  • Garage: No

Beds/Baths

  • Bathrooms Total: 0

Building Interior

  • Building Area Total: 10000.0

General Information

  • Fireplaces Total: 0
  • Leasable Area: 8000.0
  • Stories: 2

Exterior

Parking Information

  • Parking Features: On Street

Lot Information

  • Lot Size Dimensions: 44.9 x 96.8
  • Lot Size Square Feet: 3920.4
  • Water Source: Public

General Information

  • Sewer: Public Sewer

118-122 Market Street Neighborhood

Community

07102 (Newark City) Demographics

34
Median Age
11,361
Population Density (per sq. mile)
31%
College Educated
$28,990
Estimated Median Income
537
Estimated Total Home Owners
5,184
Estimated Total Renters
9% / 91%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

118-122 Market Street Monthly Cost

$
$ %
%
$
$
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

118-122 Market Street Market Data

Based on the last 30 days in this zip code

$448,737
Average List Price
$2,867
Average Price per Square Foot
0
Properties Sold
93
Average Days on Market
8
Properties for Sale
Calculations provided by Reliance Network

118-122 Market Street History

Date Event Value Agent
5/11/2026Source: Monmouth Ocean Regional MLS Added to Database
May 11, 2026