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$599,000
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Property Description
Mixed use building. First floor zoned light industrial. Live upstairs and work downstairs. Close to every major highway, 5 minutes from EWR. Solar powered building with battery backup during emergencies. Brand new roof 2025. EV charging station. VERY low taxes
Full Property Details
Full Property Details for 116 Wright St
General
- Price: $599,000
- Taxes: $3,369 (2024)
- Status: Active
- Type: Industrial
- Source: Garden_State
- MLS ID: 4006343
- Updated: 1/22/2026
- Added to Site: 41 day(s) ago
Business
- Includes: Building & Land
Rooms
Bathrooms
- Total Bathrooms: 2
- Restrooms: 2
Additional Information
- Equipment: Security System
Parking
- Parking: 1 Car Width
Location
- County: Essex
- Driving Directions: RIGHT TURN OF BROAD STREET SOUTH.
- Location Details: Residential Area
Heating & Cooling
- Cooling Type: 2 Units, Central Air Conditioning
- Heating Type: 2 Units, Forced Hot Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Electric, Natural Gas
Structural Information
- Construction: Formed Concrete
- Exterior Const.: Concrete
- Roof: Asphalt Shingles
- Ceiling Height: 12
- Doors: 1
- Door Dimensions: 10
- # Loading Docks: 1
- Bays: 1
- Stories in Building: 2
- Square Feet: 1,800
- Aprox. Leasable: 3,600 Sq. Ft.
- Previous Bldg. Use: Screen Printing Business
- Office: 1,800 Sq. Ft.
- Year Built: 2014
Lot Features
- Lot Size (Acres): 0.03
- Lot Size: 20X75
- Permitted Use: AUTO BODY, GLASS SHOP, WRAP SHOP
- Zoning: COMMERCIAL
Financial Considerations
- Price Per Sq. Ft.: $166
- Assessment Amount: $88,600
- Land Assmt: $40,500
- Tax Amount: $3,369
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: No Documents Available
- APN: 1614-02806-0000-00032-0000-
- Block: 2806
- Lot Number: 32
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Schools
Schools serving 116 Wright St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Miller Street Elementary School 66 Muhammad Ali Avenue, Newark, NJ 07108 | PK-8 | 0.4 mi |
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105 | PK-8 | 0.7 mi |
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108 | K-8 | 0.9 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 0.5 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 0.9 mi |
East Side High School 238 Van Buren Street, Newark, NJ 07105 | 9-12 | 1.3 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1 mi |
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105 | K-8 | 1.2 mi |
B.R.I.C.K. Peshine Academy 433 Peshine Avenue, Newark, NJ 07112 | K-8 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 116 Wright St
Date
Details
Price
Change
Source
1/22/2026
Listed
$599,000
—
MLS
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 116 Wright St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$3,369
2%
$88,600
—
2023
$3,303
—
$88,600
—
2022
$3,310
—
$88,600
—
2021
$3,308
-2%
$88,600
—
2020
$3,367
1%
$88,600
—
2019
$3,332
2%
$88,600
—
2018
$3,272
4%
$88,600
—
2017
$3,154
3%
$88,600
—
2016
$3,048
4%
$88,600
—
2015
$2,932
12%
$88,600
—
2013
$2,616
—
$88,600
—
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
Estimate the Cost for 116 Wright St
116 Wright St, Newark, NJ 07114 (MLS# 4006343) is a Industrial property. 116 Wright St is currently listed for $599,000 and was received on January 22, 2026. Want to learn more about 116 Wright St? Do you have questions about finding other Industrial real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.

