#24019827, Michael N. Rosa, Listing Office: Rosa Agency-Ironbound, LLC
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
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Disclaimer: The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as an IDX Listing. Information deemed reliable but not guaranteed.
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.
The information on this web site is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. We are not responsible or liable for misinformation, misprints, or typographical errors. All information provided is deemed reliable but is not guaranteed and should be independently verified through personal inspection by and/or with the appropriate professionals. Properties subject to prior sale, change, withdrawal or rental.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 1:20:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,990,000
895-897 Broad St
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
We're sorry, we currently don't have property sales data for this listing.
Tax history
We're sorry, we currently don't have tax history data for this listing.
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.
Neighborhood
The neighbors living near this home have an average income of $17,529. The most common annual income of people living in Newark City, NJ is less than $<35k. The majority of families are single, no kids. Most residents in this area 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 Boxing
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
Similar homes for sale
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.
In February 2025 in Newark City, NJ there were 18.4% more homes for sale than in January. The median list price of listings available in February 2025 was $495,000, while the average time on the real estate market was 100 days.
From Rocket Homes Real Estate and based on county public records data.