KW Metropolitan

415 Central Ave

Newark City , NJ 07018

MLS#: 3955931

$1,490,000

Status: Active
Listing number: 3955931
Listing provided by: BURGOS REALTY COMPANY
Listing agent phone: None
Last update: 6 days ago
On site: 7 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

None

Sq.Footage

N/A

Prime Mixed-Use Investment Opportunity in the Heart of Newark! A rare, mixed-use building offering exceptional potential just moments from the University Heights district, Rutgers University, NJIT, major medical centers, and premier arts, entertainment, and business hubs, including NJPAC, Prudential Center, and the thriving Downtown Newark business district.This well-maintained, recently renovated real estate asset features two expansive residential units, each thoughtfully updated with 4 bedrooms, 2 full bathrooms, brand new central air conditioning, and forced hot air heating ideal for long-term tenants, student housing, or corporate rentals. The ground level showcases approximately 3,000 SF of open-plan commercial space, formerly operated as a lounge, featuring two bar setups and an adaptable footprint. Whether you're an investor seeking a value-add opportunity or an entrepreneur ready to bring a new concept to life, this space offers a blank canvas primed for transformation. Strategically located in a high-visibility, high-demand corridor with strong foot traffic and easy access to major transit routes, this property stands out as a versatile and attractive opportunity in one of Newark's most energetic and fast-growing neighborhoods. Key Highlights:- Two updated 4BR/2BA residential units current rent roll = $3,300 p/unit - Approximately 3,000 SF commercial space on the ground floor - Steps from major universities, hospitals, transportation, and entertainment.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Basement YN

    YES

  • Cooling YN

    YES

  • Cooling

    Central Air

  • Heating YN

    YES

  • Heating

    Natural Gas

  • Pet friendly

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Vinyl Siding

  • Parking

    On Street

  • Pool

    No

Area & Lot

  • Lot Features

    Corner Lot

  • Lot Size(acres)

    0.07

  • Property Type

    Commercial Sale

  • Property Sub Type

    Mixed Use

Price

  • Sales Price

    $1,490,000

  • Tax Amount

    12158.0

  • Zoning

    MIX-USE

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    3

  • Ownership

    Fee Simple

  • Tax Lot

    *

  • Water Source

    Public

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Location

County

Essex

Elementary School

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High School

Listing Courtesy of None , BURGOS REALTY COMPANY

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Agent PatrickBolger

FOUNDER

PatrickBolger

Call Patrick today to schedule a private showing.

(973) 945-9979

patrickbolger@kw.com


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Prime Mixed-Use Investment Opportunity in the Heart of Newark! A rare, mixed-use building offering exceptional potential just moments from the University Heights district, Rutgers University, NJIT, major medical centers, and premier arts, entertainment, and business hubs, including NJPAC, Prudential Center, and the thriving Downtown Newark business district.This well-maintained, recently renovated real estate asset features two expansive residential units, each thoughtfully updated with 4 bedrooms, 2 full bathrooms, brand new central air conditioning, and forced hot air heating ideal for long-term tenants, student housing, or corporate rentals. The ground level showcases approximately 3,000 SF of open-plan commercial space, formerly operated as a lounge, featuring two bar setups and an adaptable footprint. Whether you're an investor seeking a value-add opportunity or an entrepreneur ready to bring a new concept to life, this space offers a blank canvas primed for transformation. Strategically located in a high-visibility, high-demand corridor with strong foot traffic and easy access to major transit routes, this property stands out as a versatile and attractive opportunity in one of Newark's most energetic and fast-growing neighborhoods. Key Highlights:- Two updated 4BR/2BA residential units current rent roll = $3,300 p/unit - Approximately 3,000 SF commercial space on the ground floor - Steps from major universities, hospitals, transportation, and entertainment.

415 Central Ave

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