118 Market St | Newark City

$1,695,000 | 2 Baths (2 Half) | 8,000 Sq. Ft.

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. GSMLS 4027550

Directions to property: Take exit towards Newark, to Market Street.

MLS Listing ID: 
GSMLS 4027550
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.
Stories: 
2
Year Built: 
0
Living Area: 
8,000
Basement: 
Full, Storage, Unfinished
Construction
Construction Materials: 
See Remarks
Roof: 
See Remarks
Exterior: 
See Remarks
Energy Information: 
Electric, Gas-Natural
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
2
Total Half-Bathrooms: 
2
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/Land Details
Details about the lots and land features included on the property.
Acres: 
0.1
Lot Size (Dimensions): 
44.9X96.8
Waterfront: 
0
Lot Features
Driveway: 
See Remarks
Parking Type: 
See Remarks
Public Record
Parcel Number: 
1614-00060-0000-00035-0000-
Lot Number: 
35
Annual Tax: 
$29,116.00
Property Zoning: 
RDV/SD
Listing Dates
Dates involved in the transaction.
Listing Entry Date/Time: 
5/13/2026
Contract Details
Details about the listing contract.
Inclusions: 
Building & Land
Possession: 
At Closing
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
REALTY OF AMERICA