NJ > Newark City
Newark City, NJ 07018,415 Central Ave
Newark City, NJ 07018,415 Central Ave
Newark City, NJ 07018,415 Central Ave
Newark City, NJ 07018,415 Central Ave
Newark City, NJ 07018,415 Central Ave
Newark City, NJ 07018,415 Central Ave
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James Balletto

James Balletto

+1(609) 349-2987
$ 1,490,000
Est. payment | /mo

3,049 Sqft Lot

Save
$ 1,490,000
Est. payment | /mo
Save

3,049 Sqft Lot

Key Details

Property Type Single Family Home

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 3955931

Annual Tax Amount $12,158

Tax Year 2024

Lot Size 3,049 Sqft

Property Sub-Type Mixed Use

Property Description

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:- Ready for immediate occupancy - Two updated 4BR/2BA residential units - Approximately 3,000 SF commercial space on the ground floor - Steps from major universities, hospitals, transportation, and entertainment.

Location

State NJ

County Essex

Zoning MIX-USE

Rooms

Basement Full

Interior

Heating Gas-Natural

Cooling 3 Units, Central Air, See Remarks

Equipment Appliances, See Remarks, Smoke Detector

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Utilities Available Gas-Natural

Roof Type Flat

Building

Lot Description Corner

Story 3

Sewer Public Available

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by BURGOS REALTY COMPANY
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(609) 349-2987

balletto.j@gmail.com

12 Terry Drive Suite 204, Newtown, Pennsylvania, 18940, United States

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415 Central Ave