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$1,500,000

  • For Sale
  • Active
  • Retail
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Great multi-family building with two 4BR/2BA apartments and approximately 3,000 SF of prime ground-floor commercial space in the heart of Newark's University Heights district. The ground floor was formerly operated as a lounge and is wide-open, featuring two existing bar setups areas and an adaptable layout ideal for a restaurant or cafe. Positioned just minutes from Rutgers University, NJIT, Essex County College, major hospitals, and premier attractions like NJPAC and Prudential Center, this location enjoys strong foot traffic and excellent visibility. The surrounding area is dense with students, professionals, and daily commuters, offering a built-in audience. Two bar areas in place with high ceilings and flexible interior layout. Prominent frontage along Central Avenue, steps from public transportation and major highways. Surrounded by colleges, hospitals, and downtown amenities in one of Newark's most dynamic and fast-growing corridors. Liquor License Can be purchased separately for $155,000

Full Property Details for 415 Central Ave

General

  • Price: $1,500,000
  • Taxes: $12,784 (2025)
  • Status: Active
  • Type: Retail
  • Source: Garden_State
  • MLS ID: 4024072
  • Updated: 4/30/2026
  • Added to Site: 138 day(s) ago

Business

  • Includes: Building Only

Rooms

Bathrooms

  • Total Bathrooms: 6
  • Restrooms: 6

Additional Information

  • Equipment: Appliances, Fire Alarm, Kitchen Area, Restrooms - Public, Sign - Building, Sign - Roof, Smoke Detector, Storage Area(s)

Exterior

  • Color: White

Parking

  • Parking: None

Location

  • County: Essex
  • Subdivision: University Heights
  • Driving Directions: Corner of Central Ave and 2nd Street
  • Location Details: Business District

Heating & Cooling

  • Cooling Type: 3 Units, Central Air Conditioning
  • Heating Type: 3 Units, Forced Hot Air
  • Heating Fuel: Natural Gas

Utilities

  • Sewer: Public Sewer
  • Water: Public Water
  • Utility Description: Electric, Natural Gas

Structural Information

  • Construction: Brick/Block, Wood
  • Exterior Const.: Brick/Block, Vinyl Siding
  • Basement: Yes
  • Basement Desc.: Bilco-Style Door, Partial, Storage, Unfinished
  • Roof: Flat
  • Ceiling Height: 10
  • Door Dimensions: 7
  • Stories in Building: 3
  • Square Feet: 1,500
  • Aprox. Leasable: 5,558 Sq. Ft.
  • Previous Bldg. Use: Bar on 1st Floor, MF on Upper
  • Year Built: 1935
  • Remodeled/Updated: 2024

Lot Features

  • Lot Size (Acres): 0.07
  • Lot Size: 30X101.8
  • Permitted Use: 1st Fl Commercial, Upper Floors Multi-Family
  • Zoning: Mixed Use
  • Lot Description: Corner

Financial Considerations

  • Price Per Sq. Ft.: $269
  • Assessment Amount: $319,700
  • Land Assmt: $42,500
  • Tax Amount: $12,784
  • Tax Year: 2025

Disclosures and Reports

  • Ownership: Fee Simple
  • Documents Avail.: Income & Expenses
  • APN: 1614-01846-0000-00023-0000-
  • Block: 1846
  • Lot Number: 23
Buyer's Brokerage Compensation: Contact Listing Agent
Not binding unless confirmed by separate agreement among applicable parties.

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— 415 Central Ave —

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NMLS#: 1598647

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Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

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Schools serving 415 Central Ave

School District:Newark City School District
NameGradesDistance
Sussex Avenue Elementary School
307 Sussex Avenue, Newark, NJ 07107
K-40.2 mi
Thirteenth Avenue Elementary School
359 13th Avenue, Newark, NJ 07103
5-80.6 mi
Camden Street Elementary School
281 Camden Street, Newark, NJ 07103
PK-80.9 mi
West Side High School
403 South Orange Avenue, Newark, NJ 07103
9-120.8 mi
Barringer High School
90 Parker Street, Newark, NJ 07104
9-120.8 mi
Central High School, Newark, NJ
250 18th Avenue, Newark, NJ 07103
9-121.2 mi
Cleveland Elementary School
388 Bergen St, Newark, NJ 07103
K-61.2 mi
First Avenue Elementary School
214 1st Avenue, Newark, NJ 07107
5-81.4 mi
Speedway Academies
701 South Orange Avenue, Newark, NJ 07106
PK-81.4 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 415 Central Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
12/14/2025
Listed
$1,500,000
252.94%
MLS
3/29/2024
Sold
$425,000
—
Public Record
Get Price Alerts and Save Property
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 for 415 Central Ave

Year
Property Taxes
Change
Tax Assessment
Change
2024
$12,158
2%
$319,700
—
2022
$11,944
—
$319,700
—
2021
$11,938
26%
$319,700
-13%
2021
$9,464
-32%
$368,600
—
2019
$13,863
2%
$368,600
—
2018
$13,612
4%
$368,600
—
2017
$13,122
3%
$368,600
—
2016
$12,680
4%
$368,600
—
2015
$12,197
7%
$368,600
—
2014
$11,430
—
$368,600
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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415 Central Ave, Newark, NJ 07107 (MLS# 4024072) is a Retail property. 415 Central Ave is currently listed for $1,500,000 and was received on December 14, 2025. This property is listed by Donn McDonald from our Montclair Office.Want to learn more about 415 Central Ave? Do you have questions about finding other Retail 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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