108 Jabez Street, Newark, NJ 07105 - Photo 1

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$360,000

For Sale
Active
Business

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Property Description

Rare opportunity in Newark/Ironbound! Well-established pizzeria with 8 years of proven success and loyal clientele. Fully equipped operation including pizza ovens, refrigerators, freezers, bakery machines, and all furniture. Consistent yearly revenue of approximately $800,000 verified by POS reports. Secure long-term lease through 2036 with an additional 10-year renewal option. Prime corner location with heavy pedestrian traffic and strong local reputation. Perfect turnkey business for investors or experienced operators looking for immediate cash flow.

Full Property Details

Full Property Details for 108 Jabez St

General

Price: $360,000
Taxes: $12,500 (2024)
Status: Active
Type: Business
Source: Garden_State
MLS ID: 3993638
Updated: 10/21/2025
Added to Site: 165 day(s) ago

Business

Includes: Building & Business, Equipment, Inventory, Operating Licenses

Rental Information

Lease/Rent Term: Net
Lease Includes: Building Maintenance, Common Area Maint, See Remarks
Lease Terms: 5 Or More Years, CAM Charges

Interior

Flooring: Concrete, Tile

Rooms

Bathrooms

Total Bathrooms: 2
Restrooms: 2

Additional Information

Equipment: Exhaust System, Fire Alarm, Fixtures, Kitchen Area, Refrigeration Unit, Restrooms - Public, Smoke Detector, Sprinkler System

Parking

Garage Spaces: 4
Total Spaces: 4
Parking: 2 Car Width, Assigned, Hard Surface

Location

County: Essex
Driving Directions: Located in the Ironbound section of Newark, near Ferry St. Take Wilson Ave to Lafayette St. Pizzeria on the corner with visible signage.
Location Details: Business District, Corner, Residential Area

Heating & Cooling

Cooling Type: 1 Unit, Central Air Conditioning
Heating Type: 1 Unit, Forced Hot Air, Multi-Zone
Heating Fuel: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Electric, Natural Gas, Garbage Extra Charge, Internet Available, Prewired for Phone

Structural Information

Construction: Brick/Block
Exterior Const.: Brick/Block, Glass
Basement: Yes
Basement Desc.: Finished-Partially, Full, Storage
Roof: Composition Shingle, Flat
Ceiling Height: 10
Door Dimensions: 7
Loading: None
Amps: 200
Voltage: 220
Stories in Building: 1
Square Feet: 2,000
Aprox. Leasable: 2,000 Sq. Ft.
Previous Bldg. Use: Pizzeria / Restaurant
Year Built: 1950
Remodeled/Updated: 2016

Lot Features

Lot Size (Acres): 0.05
Lot Size: 2, 000 sq ft
Permitted Use: Restaurant / Food Service
Zoning: Commercial
Lot Description: Level Lot

Financial Considerations

Price Per Sq. Ft.: $180
Expenses: Accounting/Legal, Electricity, Insurance, Maintenance - Interior, Taxes, Water/Sewer
Operating Expenses: $250,000
Assessment Amount: $300,000
Land Assmt: $100,000
Tax Amount: $12,500
Tax Year: 2024
Owner Pays: Repair Insurance, Repairs, See Remarks
Tenant Pays: Electric, Gas, Heat, Maintenance-Common Area, Sewer, Trash Removal, Water
Pays Utilities: Tenant

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: Financial Statement, Income & Expenses, Leases, Pro Forma
Disclosures: Yes
Block: 890
Lot Number: 12

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Schools

Schools serving 108 Jabez St

School District:Newark City School District

Name	Grades	Distance
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108	K-8	0.5 mi
Hawkins Street Elementary School 8 Hawkins Street, Newark, NJ 07105	PK-8	0.9 mi
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105	K-8	0.9 mi
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105	PK-8	1.1 mi
South Street Elementary School 44-48 Hermon Street, Newark, NJ 07105	K-8	1.1 mi
Quitman Street School 21 Quitman Street, Newark, NJ 07103	K-8	1.9 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	2.4 mi
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	2.6 mi
Sussex Avenue Elementary School 307 Sussex Avenue, Newark, NJ 07107	K-4	2.8 mi

Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 108 Jabez St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

10/21/2025

Listed

$360,000

-80.19%

MLS

5/15/2008

Sold

$1,817,200

—

Public Record

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Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History

Tax History for 108 Jabez St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$36,368

$956,300

—

2022

$35,727

$956,300

—

2021

$35,528

26%

$956,300

-13%

2021

$28,105

-31%

$1,100,000

—

2018

$40,623

-2%

$1,100,000

—

2019

$41,371

$1,100,000

—

2017

$39,160

$1,100,000

—

2016

$37,840

$1,100,000

—

2015

$36,399

-29%

$1,100,000

—

2013

$51,530

—

$1,100,000

—

Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Estimate the Cost

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108 Jabez Street, Newark, NJ 07105 (MLS# 3993638) is a Business property. 108 Jabez Street is currently listed for $360,000 and was received on October 21, 2025. Want to learn more about 108 Jabez Street? Do you have questions about finding other Business real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

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108 Jabez St Newark, NJ 07105