Date
Details
Price
Change
Source
1/30/2026
Listed
$800
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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$800
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Property Description
500 SF commercial space offering an efficient and affordable opportunity in a convenient Newark location. This unit features a versatile floor plan that maximizes the square footage, making it an excellent "starter space" or satellite location for a growing business. Ideally suited for: Boutique retail or pop-up shop, Professional or administrative office, Personal service or wellness studio, E-commerce fulfillment or storage (subject to zoning). Strategically located just blocks from Frelinghuysen Ave and Clinton Ave, providing exceptional access to I-78, Route 1&9, and Newark Liberty International Airport. Situated within a bustling mixed-use community with easy connectivity to downtown Newark and public transit options. A smart choice for business owners seeking accessibility and value.
Full Property Details
Full Property Details for 51 Sherman Ave
General
- Price: $800
- Taxes: $8,746 (2024)
- Status: Active
- Type: Commercial Lease
- Source: Garden_State
- MLS ID: 4007429
- Updated: 1/30/2026
- Added to Site: 17 day(s) ago
Rental Information
- Lease/Rent Term: Gross
- Lease Includes: Sewer, Water
- Lease Terms: 3-5 Year Minimum
Additional Information
- Equipment: Fire Alarm, Smoke Detector
Parking
- Parking: On-Street Parking
Location
- County: Essex
- Driving Directions: Sherman Ave and Astor St
- Location Details: Corner, Residential Area
Heating & Cooling
- Cooling Type: Window A/C(s)
- Heating Type: 1 Unit
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: Natural Gas
Structural Information
- Remodeled/Updated: 2014
Lot Features
- Lot Size (Acres): 0.06
- Lot Size: 25X100
- Zoning: COM
Financial Considerations
- Price Per Sq. Ft.: $1
- Assessment Amount: $230,000
- Land Assmt: $42,500
- Tax Amount: $8,746
- Tax Year: 2024
- Owner Pays: Sewer, Water
- Tenant Pays: Electric, Gas, Heat, Repairs, Snow Removal, Trash Removal
Disclosures and Reports
- APN: 1614-02803-0000-00009-0000-
- Block: 2803
- Lot Number: 9
Listed by Compass New Jersey Llc
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Listing agent
— 51 Sherman Ave —
Compass New Jersey Llc
347-292-8750
NMLS#: 1598647Get Pre-Approved Today
Schools
Schools serving 51 Sherman Ave
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Miller Street Elementary School 66 Muhammad Ali Avenue, Newark, NJ 07108 | PK-8 | 0.3 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 | 0.7 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 | 0.9 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1.1 mi |
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105 | 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 51 Sherman Ave
Estimate the Cost
Estimate the Cost for 51 Sherman Ave
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51 Sherman Ave, Newark, NJ 07114 (MLS# 4007429) is a Commercial Lease property. 51 Sherman Ave is currently listed for $800 and was received on January 30, 2026. Want to learn more about 51 Sherman Ave? Do you have questions about finding other Commercial Lease real estate for sale in Newark? You can browse all Newark real estate or contact a Coldwell Banker agent to request more information.