Listing Details

461 Mount Prospect Ave,Newark City, NJ 07104-2907

  • March 9, 2026

Description

Discover a rare investment and business opportunity in one of Newark’s most established neighborhoods! This beautifully maintained commercial building is currently home to thriving medical practices, offering a professional setting that’s perfectly suited for healthcare providers, office use, or future redevelopment potential. Featuring excellent visibility, on-site parking, and a prime location surrounded by a strong residential community, this property provides endless growth possibilities. Now is the time to secure this one-of-a-kind property before it’s gone!

Details

Last Updated On: March 9th, 2026 at 5:42 pm
Property ID:PT-31126854-AXZR
Offer Type:For Sale
Property Type:Free Standing Office
Price: 4,000,000 $
Year Built:1950

Additional Details

Listing Details

Status: Active

Location

County: Essex
Lotsize: 100X290.3
Office SqFt: 9999
Property Type: Free Standing Office, Office Building Complex
Lot Identifier: 27

Home Details

Location: Business District
Acreage: 0.67
Sale Includes: Building & Land
Construction: Brick/Block
Exterior Description: Vinyl Siding
Roof Description: Asphalt Shingle
Number of Stories: 3
Number of Units: 5
Number of Lavatories: 5
Max Ceiling Height: 999
Max Door Height: 999
Available SqFt: 9999
Building SqFt: 9999
Parking Desc: Parking Lot-Exclusive
Easement/Desc: Unknown
Basmnt/Desc: Yes - Finished
YB/Desc: 1950 - Approximate
Block Identifier: 627
County Number: 16
Town Number: 1614
Possession: At Closing

Taxes, Fees & Assessments

For Sale Or Lease: For Sale
Ownership: Fee Simple
Tax ID For Property: 1614-00627-0000-00027-0000-
Tax Amount: $50,260.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2024
Land Assessment: $54,500.00
Building Assessment: $1,267,100.00
Total Assessment: $1,321,600.00

Utilities

Equipment Available: Security System
Heat Source: Gas-Natural
Heat System: Forced Hot Air
Cool System: Central Air
Water: Public Water
Sewer: Public Sewer
Utilities: Electric

Other

Zoning: Commercial

Statistics

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