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$135,000
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Property Description
Great opportunity to open a new business or expand your existing one! Masala Cafe & Deli Restaurant is located in a prime, high-visibility Downtown Newark location with excellent exposure and strong foot traffic. Conveniently situated near major traffic routes, dense residential neighborhoods, and local businesses, this space is ideal for a restaurant, cafe, or deli concept poised for success. Located in one of Newark's busiest and most connected areas, the property is just a few blocks from Newark Penn Station, a major regional transportation hub serving NJ Transit, Amtrak, and PATH. Surrounded by restaurants, cafes, office buildings, and entertainment venues, and within walking distance to Prudential Center and NJPAC, this location benefits from constant pedestrian activity and a vibrant urban atmosphere. The area combines long-established local businesses with ongoing redevelopment, creating a dynamic and growing marketplace for food and retail concepts.
Full Property Details
Full Property Details for 27 Academy St
General
- Price: $135,000
- Status: Active
- Type: Business
- Source: Garden_State
- MLS ID: 4009020
- Updated: 2/10/2026
- Added to Site: 10 day(s) ago
Business
- Name: Masala Cafe & Deli
- Business Type: Retail, See Remarks
- Business Sub-Type: Retail
- Real Estate: No RE Available
Rental Information
- Lease Info: 2-3 Years, Lease Transferable
Parking
- Garage Description: None
Location
- County: Essex
- Subdivision: Downtown Newark
- Driving Directions: Between Broad St. and University Avenue
Heating & Cooling
- Cooling Type: 1 Unit
- Heating Type: 1 Unit, Forced Hot Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Available
- Water: Public Water
- Utility Description: Gas-Propane
Structural Information
- Basement: Yes
- Basement Desc.: Unfinished
- Square Feet: 900
- Aprox. Leasable: 900 Sq. Ft.
Lot Features
- Frontage: City/Town Street
- Driveway/Sidewalk: None
Financial Considerations
- Lease Price Per Mth: $3,500
- Expenses: Owner
- Terms: Cash
Disclosures and Reports
- Ownership: Partnership
- Documents Avail.: See Remarks
- APN: 1614-00053-0000-00009-0000-
Listed by Weichert Realtors - Home City
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Schools
Schools serving 27 Academy St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105 | K-8 | 0.7 mi |
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105 | PK-8 | 0.8 mi |
Sussex Avenue Elementary School 307 Sussex Avenue, Newark, NJ 07107 | K-4 | 1.2 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 1.2 mi |
East Side High School 238 Van Buren Street, Newark, NJ 07105 | 9-12 | 1.2 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 1.3 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1.2 mi |
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108 | K-8 | 1.2 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1.3 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 27 Academy St
Date
Details
Price
Change
Source
2/10/2026
Listed
$135,000
—
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 27 Academy St
Year
Property Taxes
Change
Tax Assessment
Change
2024
$25,480
2%
$670,000
—
2023
$24,978
—
$670,000
—
2022
$25,031
—
$670,000
—
2021
$25,018
33%
$670,000
—
2021
$18,860
-28%
$670,000
-4%
2019
$26,327
2%
$700,000
—
2018
$25,851
4%
$700,000
—
2017
$24,920
3%
$700,000
—
2016
$24,080
4%
$700,000
—
2015
$23,163
-5%
$700,000
-11%
2014
$24,402
—
$786,900
—
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 27 Academy St
27 Academy St, Newark, NJ 07102 (MLS# 4009020) is a Business property. 27 Academy St is currently listed for $135,000 and was received on February 10, 2026. Want to learn more about 27 Academy St? 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.

