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Property Description
PRIME NEWARK RETAIL OPPORTUNITY ? STEPS FROM FERRY STREET! Location, visibility, and opportunity all come together in this exceptional commercial space located just over 100 feet from Ferry Street and within walking distance of Newark Penn Station and the Newark Business District. Surrounded by strong demographics, an affluent community, and excellent pedestrian traffic, this is the perfect location to bring your business vision to life! This brand-new, top-of-the-line building offers approximately 1,461 square feet of open retail space, plus a large basement and private patio area?ideal for outdoor dining or additional business use. The space features high ceilings, a modern sprinkler system, and a completely open layout ready for your design, concept, and creativity. Lease terms are negotiable, with a five-year minimum preferred. The landlord is also offering FREE months of rent and may be able to assist with parking arrangements.Need a liquor license? We also have one available for sale! Bring your dreams, ideas, and business plan to one of Newark?s most exciting and rapidly growing areas.
Full Property Details
Full Property Details for 58 Union St
General
- Price: $5,000
- Taxes: $7,678 (2025)
- Status: Active
- Type: Commercial Lease
- Source: Garden_State
- MLS ID: 4037429
- Updated: 6/28/2026
- Added to Site: 12 day(s) ago
Rental Information
- Lease/Rent Term: Other
- Lease Includes: Building Maintenance, See Remarks, Taxes
- Lease Terms: 5 Or More Years
Additional Information
- Equipment: See Remarks
Exterior
- Color: GRAY
Parking
- Parking: See Remarks
Location
- County: Essex
- Driving Directions: BETWEEN LAFAYETTE AND FERRY ST
- Location Details: Business District, Residential Area, See Remarks
Heating & Cooling
- Cooling Type: Central Air Conditioning
- Heating Type: Forced Hot Air
- Heating Fuel: Natural Gas
Utilities
- Sewer: Public Sewer
- Water: Public Water
- Utility Description: See Remarks
Structural Information
- Construction: Brick/Block, Formed Concrete
- Exterior Const.: Brick/Block
- Basement: Yes
- Basement Desc.: Finished, Full
- Loading: None
- Aprox. Leasable: 1,461 Sq. Ft.
- Year Built: 2025
- Remodeled/Updated: 26
Lot Features
- Lot Size (Acres): 0.08
- Lot Size: 30X120
- Permitted Use: BAR, RESTAURANT, RETAIL, SERVICES
- Zoning: MIXED USE
Financial Considerations
- Assessment Amount: $192,000
- Land Assmt: $192,000
- Tax Amount: $7,678
- Tax Year: 2025
- Owner Pays: See Remarks, Sewer
- Tenant Pays: Electric, Heat, See Remarks, Trash Removal
- Pays Utilities: Tenant
Disclosures and Reports
- Ownership: Fee Simple
- APN: 1614-00185-0000-00072-0000-
- Block: 185
- Lot Number: 72
Listed by The Bixler Group Llc
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Schools
Schools serving 58 Union St
School District:Newark City School District
| Name | Grades | Distance |
|---|---|---|
Lafayette Street Elementary School 205 Lafayette Street, Newark, NJ 07105 | K-8 | 0.1 mi |
Oliver Street Elementary School 86 Oliver Street, Newark, NJ 07105 | PK-8 | 0.5 mi |
Wilson Avenue Elementary School 19 Wilson Ave, Newark, NJ 07108 | K-8 | 0.6 mi |
East Side High School 238 Van Buren Street, Newark, NJ 07105 | 9-12 | 0.6 mi |
Central High School, Newark, NJ 250 18th Avenue, Newark, NJ 07103 | 9-12 | 1.6 mi |
Malcolm X Shabazz High School 80 Johnson Avenue, Newark, NJ 07108 | 9-12 | 1.7 mi |
Camden Street Elementary School 281 Camden Street, Newark, NJ 07103 | PK-8 | 1.7 mi |
Cleveland Elementary School 388 Bergen St, Newark, NJ 07103 | K-6 | 1.7 mi |
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103 | 5-8 | 2 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 58 Union St
Date
Details
Price
Change
Source
6/26/2026
Listed
$5,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 58 Union St
58 Union St, Newark, NJ 07105 (MLS# 4037429) is a Commercial Lease property. 58 Union St is currently listed for $5,000 and was received on June 26, 2026. Want to learn more about 58 Union St? 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.

