309 Fairmount Ave, Newark, NJ 07103 - Photo 1

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$405,000

For Sale
Active
Commercial

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Property Description

This prime commercial warehouse space offers a versatile solution for businesses seeking both storage and office functionality. The property features a spacious warehouse area perfect for storage, distribution, or light manufacturing, with the added benefit of an office that provides a dedicated space for administrative and operational tasks. Additionally, it includes well-maintained bathrooms for convenience. Located in a highly accessible area, the warehouse is within close proximity to major highways, public transportation, making it an ideal location for businesses looking to establish themselves in a high-traffic, strategic part of Newark. This space presents an excellent opportunity for companies looking to grow or expand in this thriving area.

Full Property Details

Full Property Details for 309 Fairmount Ave

General

Price: $405,000
Taxes: $6,917 (2024)
Status: Active
Type: Commercial
Source: Garden_State
MLS ID: 3952598
Updated: 7/29/2025
Added to Site: 300 day(s) ago

Business

Includes: Building Only

Rooms

Bathrooms

Total Bathrooms: 2
Restrooms: 2

Additional Information

Equipment: Restrooms - Private

Parking

Parking: 1 Car Width, On-Street Parking

Location

County: Essex
Driving Directions: Follow Garden State Pkwy N to Eastern Pkwy in Irvington. Take exit 144 from Garden State Pkwy N, Follow 15th Ave to Fairmount Ave in Newark
Location Details: Residential Area

Heating & Cooling

Cooling Type: Central Air Conditioning
Heating Type: 1 Unit
Heating Fuel: Natural Gas

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Natural Gas

Structural Information

Construction: See Remarks
Exterior Const.: Concrete
Roof: Flat
Ceiling Height: 14
Stories in Building: 1
Square Feet: 1,800
Aprox. Leasable: 1,800 Sq. Ft.

Lot Features

Lot Size (Acres): 0.04
Lot Size: 32X60

Financial Considerations

Price Per Sq. Ft.: $230
Assessment Amount: $181,900
Land Assmt: $31,200
Tax Amount: $6,917
Tax Year: 2024

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: Building Plans
Disclosures: Yes
APN: 1614-00277-0000-00047-0000-
Block: 277
Lot Number: 47

Listed by Florostone Realty Inc.

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— 309 Fairmount Ave —

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908-445-5339

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Schools

Schools serving 309 Fairmount Ave

School District:Newark City School District

Name	Grades	Distance
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103	PK-8	0.1 mi
Harriet Tubman Elementary School 504 South 10th Street, Newark, NJ 07103	PK-4	0.3 mi
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103	K-6	0.4 mi
Quitman Street School 21 Quitman Street, Newark, NJ 07103	K-8	0.8 mi
Sussex Avenue Elementary School 307 Sussex Avenue, Newark, NJ 07107	K-4	1 mi
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105	PK-8	1.5 mi
South Street Elementary School 44-48 Hermon Street, Newark, NJ 07105	K-8	1.6 mi
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105	K-8	1.8 mi
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108	K-8	2.3 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 309 Fairmount Ave Get Price Alerts and Save Property

Date

Details

Price

Change

Source

7/29/2025

Price Reduced

$405,000

-2.41%

MLS

5/16/2025

Price Reduced

$415,000

-4.6%

MLS

3/24/2025

Listed

$435,000

770%

MLS

4/11/2013

Sold

$50,000

—

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 309 Fairmount Ave

Year

Property Taxes

Change

Tax Assessment

Change

2024

$6,918

$181,900

—

2023

$6,781

—

$181,900

—

2022

$6,796

—

$181,900

—

2021

$6,792

33%

$181,900

—

2021

$5,120

-24%

$181,900

—

2018

$6,718

107%

$181,900

99%

2017

$3,250

$91,300

—

2016

$3,141

$91,300

—

2015

$3,021

-56%

$91,300

-50%

2019

$6,841

142%

$181,900

99%

2014

$2,831

—

$91,300

—

View All

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 309 Fairmount Ave

309 Fairmount Ave, Newark, NJ 07103 (MLS# 3952598) is a Commercial property. 309 Fairmount Ave is currently listed for $405,000 and was received on March 24, 2025. Want to learn more about 309 Fairmount Ave? Do you have questions about finding other Commercial 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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309 Fairmount Ave Newark, NJ 07103