760-762 S 16th St, Newark, NJ 07103 - Photo 1

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$435,000

For Sale
Active
Commercial

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Property Description

2 lots for sale together with 25x100 each. Presently used as a motorcycle Club paying $3,500.00 per month basis.Redevelopment zoning and can build 12-16 apartments or 2 x 3 or 4 units in each lot.

Full Property Details

Full Property Details for 760762 S 16th St

General

Price: $435,000
Taxes: $3,803 (2024)
Status: Active
Type: Commercial
Source: Garden_State
MLS ID: 3967884
Updated: 11/28/2025
Added to Site: 225 day(s) ago

Business

Includes: Building & Land

Rental Information

Lease Terms: Month-To-Month

Rooms

Bathrooms

Total Bathrooms: 2
Restrooms: 2

Additional Information

Equipment: See Remarks, Smoke Detector

Parking

Garage Spaces: 10
Total Spaces: 10
Parking: Driveway-Exclusive

Location

County: Essex
Driving Directions: Google
Location Details: Residential Area

Heating & Cooling

Cooling Type: See Remarks
Heating Type: See Remarks
Heating Fuel: See Remarks

Utilities

Sewer: Public Sewer
Water: Public Water
Utility Description: Electric, Natural Gas, Cable TV Available, Internet Available

Structural Information

Construction: Brick/Block, Wood
Exterior Const.: Brick/Block
Roof: Flat
Stories in Building: 1
Square Feet: 2,900
Aprox. Leasable: 2,100 Sq. Ft.
Office: 200 Sq. Ft.
Year Built: 1950

Lot Features

Lot Size (Acres): 0.06
Lot Size: 25X100 + 25x100
Zoning: redevelopment
Lot Description: Level Lot

Financial Considerations

Price Per Sq. Ft.: $87
Expenses: See Remarks
Assessment Amount: $100,000
Land Assmt: $31,300
Tax Amount: $3,803
Tax Year: 2024
Pays Utilities: Tenant

Disclosures and Reports

Ownership: Fee Simple
Documents Avail.: See Remarks
APN: 1614-02635-0000-00042-0000-
Block: 2635
Lot Number: 41 & 42

Listed by Sky Realty Associates

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Schools

Schools serving 760762 S 16th St

School District:Newark City School District

Name	Grades	Distance
South Seventeenth Street Elementary School 619 South 17th Street, Newark, NJ 07103	K-4	0.2 mi
Thirteenth Avenue Elementary School 359 13th Avenue, Newark, NJ 07103	5-8	0.6 mi
Speedway Academies 701 South Orange Avenue, Newark, NJ 07106	PK-8	0.7 mi
Hawthorne Avenue Elementary School 428 Hawthorne Ave, Newark, NJ 07112	K-6	1.3 mi
Louise A. Spencer Elementary School 66 Muhammad Ali Avenue, Newark, NJ 07108	PK-8	1.4 mi
Lincoln Elementary School, Newark, NJ 87 Richelieu Terrace, Newark, NJ 07106	K-8	1.5 mi
Belmont-Runyon Elementary School 1 Belmont Runyon Way, Newark, NJ 07108	K-8	1.5 mi
Ivy Hill Elementary School 107 Ivy Street, Newark, NJ 07106	PK-8	1.6 mi
George Washington Carver Elementary School 333 Clinton Place, Newark, NJ 07112	PK-8	1.7 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 760762 S 16th St Get Price Alerts and Save Property

Date

Details

Price

Change

Source

6/06/2025

Listed

$435,000

626.82%

MLS

11/06/2018

Sold

$59,850

—

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 760762 S 16th St

Year

Property Taxes

Change

Tax Assessment

Change

2024

$3,803

$100,000

—

2022

$3,736

—

$100,000

—

2021

$3,734

33%

$100,000

—

2021

$2,815

-58%

$100,000

-44%

2019

$6,770

-45%

$180,000

-46%

2018

$12,250

$331,700

—

2017

$11,809

$331,700

—

2016

$11,410

$331,700

—

2015

$10,976

12%

$331,700

—

2013

$9,795

—

$331,700

—

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 760762 S 16th St

760-762 S 16th St, Newark, NJ 07103 (MLS# 3967884) is a Commercial property. 760-762 S 16th St is currently listed for $435,000 and was received on June 06, 2025. Want to learn more about 760-762 S 16th St? 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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760762 S 16th St Newark, NJ 07103