408-416 Market Street — Sale in Newark, NJ

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Newark, NJ 07105

Description

408-416 Market Street in Newark, NJ is a 0.5-acre lot available for retail redevelopment. Located in the North Ironbound section, it's steps from Newark Penn Station with easy access to NYC and Newark Liberty International Airport. The property offers flexibility for single or multi-tenant use, featuring up to 3,286 SF for a single tenant with drive-thru capability and 23 parking spaces, or up to 7,943 SF for multi-tenant use with 22 parking spaces. Its prime location near the Prudential Center and recent residential developments makes it an attractive opportunity in a growing area.

Market Context

This retail in Newark, NJ is listed for sale. It has been on the market for 140 days. Compare it against other retail listings for sale in Newark, NJ — view the full market.

As of Q1 2026, the New Jersey retail market showed average asking rents near $54.00/SF/yr, and cap rates around 8.0%. Source: multiple brokerage reports, Q1 2026.

Retail market FAQ

What is the typical cap rate for retail in New Jersey?
About 8.0% as of Q1 2026, per multiple brokerage reports.

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