NJ > Newark City
Newark City, NJ 07102,895-897 Mayor Gibson
$1,599,000
Est. payment /mo
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5,000 SqFt
New

895-897 Mayor Gibson Newark City, NJ 07102

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Hardik Shah

Hardik Shah

+1(201) 936-2225

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 5,000 sqft

Price per Sqft $319

MLS Listing ID 3969077

Property Description

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.

Location

State NJ

County Essex

Rooms

Basement Finished, Full

Interior

Heating Gas-Natural

Cooling See Remarks

Heat Source Gas-Natural

Exterior

Parking Features None

Utilities Available All Underground

Building

Sewer Public Sewer

Water Public Water

Others

Ownership Sole Proprietorship

Acceptable Financing Buyer, Cash, Seller

Listing Terms Buyer, Cash, Seller

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 REAL

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agent

Hardik Shah

Agent | License ID: 1538159

+1(201) 936-2225

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