415 Central Ave, Newark City, NJ 07107
- $1,500,000
- List Price
- $1,500,000
- Days on Market
- 226
- Status
- ACTIVE
- MLS#
- 4024072
- Lot Size (Acres)
- 0.07
- Year Built
- 1935
Property Description
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
/u.realgeeks.media/pinnrealty/901ed62297d5-Pinn_logo_01.png){kind=logo}
Additional Information
- Area
- Newark City
- Subdivision
- University Heights
- Basement Desc
- Bilco-Style Door, Partial, Storage, Unfinished
- Utilities
- Electric, Gas-Natural
- Taxes
- $12,784
- Subdivision
- University Heights
- Exterior
- Brick/Block, Vinyl Siding
- Lot Description
- Corner
- Water
- Public Water
- Basement
- Yes
- Cooling
- 3 Units, Central Air
- Roof
- Flat
- Show Address
- Yes
Mortgage Calculator
Listing Courtesy Of COLDWELL BANKER REALTY, Contact: 973-464-1066
The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.
Copyright 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Updated: