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118 Market St #0Newark City, NJ 07102

Commercial · 10,000 Sq. ft. | 0.10 Acres
$1,695,000 Active

118 Market St #0 Overview

Time on Site:
47 days
Visits:
1

One Unit Vacant with Access to 2nd Floor, potential for additional source of income. 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 employees.

Listing provided courtesy of REALTY OF AMERICA- MLS# 4027550MLS ProviderContact Information: 833-256-4244
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118 Market St #0 Facts & Features

  • Type Commercial
  • Sq. ft. 10,000
  • Price/Sq.ft. $170
  • Lot 0.10 Acres

Details

General

Listing Information

  • For Sale Or Lease: For Sale

Building Information

  • Year Built: 0

Location/Region

  • County Or Parish: Essex
  • Location: See Remarks

Tax Information

  • City Tax: *
  • County Tax: *
  • Tax Amount Tax: *
  • Tax Annual Amount: $29,116.00
  • Tax Assessed Value: *
  • Tax Rate Amount: 3.999
  • Tax Rate Year: 2025
  • Tax Year: 2025
  • Tax Year Tax: *

General Information

  • Inclusions: Building & Land
  • Property Sub Type: See Remarks
  • Property Type: Commercial
  • Zoning: RDV/SD

Interior

Building Information

  • Available Sq Ft: 8000
  • Equipment Available: See Remarks
  • Max Ceiling Height: 0
  • Max Door Height: 0
  • Office Sq Ft: 0

Beds/Baths

  • Bathrooms Total: 2

Building Interior

  • Building Area Total: 10000

General Information

  • Cooling: See Remarks
  • Heating: See Remarks
  • Stories: 2

Unit Information

  • Unit Number: 0

Exterior

Building Information

  • Number of Bays: 0
  • Number of Docks: 0

Parking Information

  • Parking Features: See Remarks

Lot Information

  • Approximate Lot Size: 44.9X96.8
  • Lot Size Acres: 0.10
  • Water Source: Public Water

Building Exterior/Construction

  • Construction Materials: See Remarks
  • Exterior Description: See Remarks
  • Roof: See Remarks

General Information

  • Number Of Units Total: 2
  • Sewer: Public Sewer
  • Utilities: Electric, Gas-Natural

118 Market St #0 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 Market St #0 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 Market St #0 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 Market St #0 History

Date Event Value Agent
5/13/2026Source: Garden State MLS Added to Database
May 13, 2026