$1,990,000

895-897 Broad St Newark City, NJ 07102

0.1 acres
Land

Property details

About 895-897 Broad St

LOCATION, LOCATION, LOCATION!Located directly across from Newark Town Hall, this rare investment opportunity is ideal for builders and investors looking to capitalize on one of the most desirable commercial streets in the city. The property is currently home to a Crown Fried Chicken (owned by the seller) and a nail salon, which generates $4,000 per month in rental income. However, the property can be delivered fully vacant, providing maximum flexibility for the buyer to reimagine its use. Per the seller's claims (buyer to conduct their own due diligence), the zoning allows for the construction of up to four floors plus a ground floor, which could accommodate 12 residential units and two commercial spaces. The true value lies in the property's prime location and development potential, making it a perfect addition to any investor's or developer's portfolio. Don't miss this opportunity to secure a high-visibility property in Newark's thriving urban landscape schedule your showing today!

Highlights

Home typeVacant Land
StatusActive
Lot size0.11 Acres
MLS #3943058

Summary

  • MLS Number: 3943058
  • Office Name: REAL
  • Office Phone: (973) 474-0052

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Last updated on: 3/15/2025, 1:20:47 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

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$1,990,000

895-897 Broad St

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Price information

Property sales

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Tax history

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Nearby schools

1

East Ward Elementary School

Public District PK-3

0.5 mi

104 Oliver St

4

Newark Educators Community Charter School

Public Charter PK-4

0.6 mi

9-11 Hill St

5

Sir Isaac Newton Elementary School

Public District PK-1

1.1 mi

150 Newton St

School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.

All data from GreatSchools

Neighborhood

The neighbors living near this home have an average income of $17,529. Residents of Newark City, NJ typically earn less than $<35k each year. Typical family type is single, no kids. Residents of this area typically have high school diploma education.

How much money do the neighbors make?

71%
<35k
29%
35k-100k
1%
100k-200k
0%
200k+

What level of education do the neighbors have?

High School Diploma
Post Secondary Degree

What types of families live nearby?

52%
Single, No Kids
37%
Single, with Kids
6%
Married, No Kids
5%
Married, with Kids

Are the neighbors home owners or renters?

Home Owners
Renters

How old are people in this area?

19%
<11 yrs old
11%
12-17 yrs old
29%
18-34 yrs old
36%
35-64 yrs old
5%
65+ yrs old

What do the neighbors do for fun?

  • Pro BoxingPro Boxing
  • Mexican League SoccerMexican League Soccer

Where do the neighbors shop?

  • H&MH&M
  • BurlingtonBurlington
  • Foot LockerFoot Locker

Where do the neighbors go to eat?

  • Boston MarketBoston Market
  • White CastleWhite Castle
  • Little CaesarsLittle Caesars

What do the neighbors drive?

  • HondaHonda
  • KiaKia
  • DodgeDodge

What do the neighbors listen to?

  • Rhythmic Contemporary HitsRhythmic Contemporary Hits
  • Urban Adult ContemporaryUrban Adult Contemporary
All data provided by Home Junction and Claritas

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Frequently asked questions

About 895-897 Broad St

This home is located at 895-897 Broad St in Newark City, NJ and zip code 07102 in the Central Ward neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 27, 2025 and is currently priced at $1,990,000.

The inventory of homes for sale in Newark City, NJ between January and February 2025 increased by 18.4%. In February 2025, listings were on the market for 100 days. During the same period, the median list price in this real estate market was $495,000.

From Rocket Homes Real Estate and based on county public records data.

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