895-897 Mayor Gibson | Newark City

$1,599,000 | 4 Baths (4 Half) | 5,000 Sq. Ft.

LOCATION, LOCATION, LOCATION!Located directly across from Newark Town Hall, this rare investment opportunity is perfect for builders and investors looking to capitalize on one of the city?s most sought-after commercial streets. The property currently operates as a Crown Fried Chicken (owned by the seller) and a nail salon generating $4,000/month in rental income. The property can be delivered fully vacant, offering flexibility for the buyer to reimagine its use. Development Opportunity: Per seller (buyer to conduct due diligence), zoning allows for the construction of up to 4 floors plus a ground floor, accommodating 12 residential units and 2 commercial spaces. This property is a true gem for investors and developers seeking to expand their portfolio. With unmatched location and versatile development potential, it?s a chance to create a significant asset in Newark?s bustling urban landscape. GSMLS 3969077

Directions to property: BROAD ST IN FRONT OF NEWARK TOWN HALL

MLS Listing ID: 
GSMLS 3969077
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Building Details
Details about the building on a property.
Living Area: 
5,000
Basement: 
Finished, Full
Construction
Energy Information: 
All Underground
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
4
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
4
Utilities
Information about utilities available on the property.
Heating System: 
See Remarks
Heating System Fuel: 
Gas-Natural
Cooling System: 
See Remarks
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot Features
Driveway: 
On-Street Parking
Parking Type: 
On-Street Parking
Garage: 
None
Public Record
Parcel Number: 
1614-00093-0000-00017-0000-
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
6/12/2025
Contract Details
Details about the listing contract.
Inclusions: 
Business Name, Business Phone Numbers, Furnishings, Licenses/Permits-Transfer
Possession: 
ASAP
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
REAL