About 415 Central Avenue
Prime Mixed-Use Investment Opportunity in the Heart of Newark! A rare, mixed-use building offering exceptional potential just moments from the University Heights district, Rutgers University, NJIT, major medical centers, and premier arts, entertainment, and business hubs, including NJPAC, Prudential Center, and the thriving Downtown Newark business district.This well-maintained, recently renovated real estate asset features two expansive residential units, each thoughtfully updated with 4 bedrooms, 2 full bathrooms, brand new central air conditioning, and forced hot air heating ideal for long-term tenants, student housing, or corporate rentals. The ground level showcases approximately 3,000 SF of open-plan commercial space, formerly operated as a lounge, featuring two bar setups and an adaptable footprint. Whether you're an investor seeking a value-add opportunity or an entrepreneur ready to bring a new concept to life, this space offers a blank canvas primed for transformation. Strategically located in a high-visibility, high-demand corridor with strong foot traffic and easy access to major transit routes, this property stands out as a versatile and attractive opportunity in one of Newark's most energetic and fast-growing neighborhoods. Key Highlights:- Two updated 4BR/2BA residential units current rent roll = $3,300 p/unit - Approximately 3,000 SF commercial space on the ground floor - Steps from major universities, hospitals, transportation, and entertainment.
