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$1,200,000 -$500,000 (-29.41%) Price Reduced
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Property Description
Welcome to oversized commercial building or nonprofit for developers. It's currently used as a house of worship, , currently tax exempt, can be developed into mixed use C 4-5 up. Approximately 16,000 sq ft of open space so you can develop to fit your desire. Survey available upon request. Great for another Non profit or residential building. AS IS SALE! NEEDS A NEW ROOF AND CLEAN OUT. ONE CAR WIDTH PARKING around BACK OF BUILDING, MUST HAVE HOLD HARMLESS FORM SIGNED BY EVERYONE ENTERING PREMISES.
Full Property Details
Full Property Details for 505 Central Ave
General
- Price: $1,200,000
- Taxes: (2024)
- Status: Active
- Type: Commercial
- Source: Garden_State
- MLS ID: 4009297
- Updated: 5/18/2026
- Added to Site: 97 day(s) ago
Business
- Includes: Building & Land
Interior
- Flooring: Carpeting, Concrete
Rooms
Bathrooms
- Total Bathrooms: 2
- Restrooms: 2
Additional Information
- Equipment: Fixtures, Handicapped Access, Restrooms - Public
Exterior
- Color: brick
Parking
- Parking: Driveway-Exclusive, Fencing, Off-Street Parking
Location
- County: Essex
- Driving Directions: Route 21, route 280, W Market, Central Ave, N 8th
- Location Details: Business District, Residential Area, See Remarks
Heating & Cooling
- Cooling Type: No Cool
- Heating Type: 1 Unit
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Construction: Brick/Block
- Exterior Const.: Brick/Block
- Basement: Yes
- Basement Desc.: Crawl Space, Unfinished
- Roof: Rubberized, See Remarks
- Ceiling Height: 50
- Door Dimensions: 8
- Stories in Building: 1
- Square Feet: 16,000
- Aprox. Leasable: 16,000 Sq. Ft.
- Office: 999 Sq. Ft.
- Year Built: 1900
Lot Features
- Lot Size (Acres): 0.06
- Lot Size: 25X100+
- Zoning: C4-5
- Lot Description: Irregular Lot, Level Lot, Possible Subdivision
Financial Considerations
- Assessment Amount: $1,911,700
- Land Assmt: $91,200
- Tax Year: 2024
Disclosures and Reports
- Ownership: Fee Simple
- Documents Avail.: Survey Available
- APN: 1614-01854-0000-00026-0000-
- Block: 1854
- Lot Number: 26
Listed by Keller Williams Team Realty
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Schools
Schools serving 505 Central Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 0.5 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 0.9 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1.2 mi |
West Side High School 403 South Orange Avenue, Newark, NJ 07103 | 9-12 | 0.6 mi |
Barringer High School 90 Parker Street, Newark, NJ 07104 | 9-12 | 0.9 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 1.3 mi |
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106 | PK-8 | 1.2 mi |
First Avenue Elementary School 214 1st Avenue, Newark, NJ 07107 | 5-8 | 1.4 mi |
Rafael Hernandez Elementary School 345 Broadway, Newark, NJ 07104 | PK-4 | 1.7 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 505 Central Ave
Date
Details
Price
Change
Source
5/18/2026
Price Reduced
$1,200,000
-29.41%
MLS
2/11/2026
Listed
$1,700,000
—
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 505 Central Ave
Year
Property Taxes
Change
Tax Assessment
Change
2024
100%
$1,911,700
—
2022
100%
$1,911,700
—
2021
100%
$1,911,700
—
2019
-100%
$1,911,700
—
2016
$65,762
4%
$1,911,700
—
2015
$63,258
12%
$1,911,700
—
2013
$56,452
—
$1,911,700
—
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 505 Central Ave
505 Central Ave, Newark, NJ 07107 (MLS# 4009297) is a Commercial property. 505 Central Ave is currently listed for $1,200,000 and was received on February 11, 2026. Want to learn more about 505 Central 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.

