415 Central Ave | Newark City

$1,500,000 | 6 Baths (6 Half) | 5,558 Sq. Ft.

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 GSMLS 4024072

Directions to property: Corner of Central Ave and 2nd Street

MLS Listing ID: 
GSMLS 4024072
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Community Information
Subdivision: 
University Heights
Building Details
Details about the building on a property.
Stories: 
3
Year Built: 
1935
Living Area: 
5,558
Basement: 
Bilco-Style Door, Partial, Storage, Unfinished
Construction
Construction Materials: 
Brick/Block, Wood
Roof: 
Flat
Exterior: 
Brick/Block, Vinyl Siding
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
6
Total Half-Bathrooms: 
6
Utilities
Information about utilities available on the property.
Heating System: 
3 Units, Forced Hot Air
Heating System Fuel: 
Gas-Natural
Cooling System: 
3 Units, Central Air
Water Source: 
Public Water
Sewer: 
Public Sewer
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.07
Lot Size (Dimensions): 
30X101.8
Waterfront: 
0
Lot Features
Driveway: 
None
Parking Type: 
None
Public Record
Parcel Number: 
1614-01846-0000-00023-0000-
Lot Number: 
23
Annual Tax: 
$12,784.00
Property Zoning: 
Mixed Use
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
4/29/2026
Contract Details
Details about the listing contract.
Inclusions: 
Building Only
Possession: 
UPON CLOSING
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
COLDWELL BANKER REALTY