27 Academy St, Newark City, NJ 07102
Downtown Newark · Essex County
Key Facts
Description
Great opportunity to open a new business or expand your existing one! Masala Cafe & Deli Restaurant is located in a prime, high-visibility Downtown Newark location with excellent exposure and strong foot traffic. Conveniently situated near major traffic routes, dense residential neighborhoods, and local businesses, this space is ideal for a restaurant, cafe, or deli concept poised for success. Located in one of Newark's busiest and most connected areas, the property is just a few blocks from Newark Penn Station, a major regional transportation hub serving NJ Transit, Amtrak, and PATH. Surrounded by restaurants, cafes, office buildings, and entertainment venues, and within walking distance to Prudential Center and NJPAC, this location benefits from constant pedestrian activity and a vibrant urban atmosphere. The area combines long-established local businesses with ongoing redevelopment, creating a dynamic and growing marketplace for food and retail concepts.
Property Information
Property Type
Commercial Sale
Sub-Type
Business
Living Area
900 sq ft
Ownership
Partnership
Days on Market
148
MLS® Listing#
4009020
Property Features
Heating
Basement
Utilities
Water Source
Financial Details
Parcel Number
1614-00053-0000-00009-0000-
Directions
Between Broad St. and University Avenue
Affordability Calculator
$27,000
Estimated monthly payment
$719/mo
Principal $108,000 · Est. interest $150,670 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Newark City, NJ
- $613,173
- Median Listing Price
- 49
- Median Days on Market
- 1,400
- Median Sq Ft
- $401
- Median Price / Sq Ft
- 3,191
- Active Listings
- This home’s price is 78% below the area median.
- Its price per sq ft is 63% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Newark City, NJ.
Location
Points of Interest in Newark City, NJ
Showing the Newark City area map.
Nearby Schools
Newark Public Schools
School · 0.1 mi away
Famous Bartending School
School · 0.1 mi away
Americation Career and Training School
School · 0.1 mi away
Team Academy Charter School
School · 0.2 mi away
Kipp New Jersey
School · 0.2 mi away
Islamic School of New Jersey
School · 0.2 mi away
Alif Muhammad's Nia School
School · 0.2 mi away
Discovery Charter School
Secondary · 0.3 mi away
Child Study Center at Rutgers
School · 0.3 mi away
North Star Academy Washington Park High School
Secondary · 0.3 mi away
North Star Academy Downtown Middle School
Elementary · 0.3 mi away
Great Oaks Legacy Charter School
School · 0.4 mi away
St. Benedicts Prep
School · 0.4 mi away
Newark Day Center
School · 0.4 mi away
The Yeshiva of Newark
School · 0.5 mi away
Arts High School
Secondary · 0.5 mi away
Newark Educators Community Charter School
Elementary · 0.5 mi away
Gray Charter School
Elementary · 0.5 mi away
Essex County Newark Tech
Secondary · 0.5 mi away
Robert Treat Academy Charter School
School · 0.5 mi away
Commute Calculator
Nearby Homes
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Similar Home Values
Comparable nearby listings and their asking prices.
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|---|---|---|---|---|
| 108 S MONTPELIER 316, ATLANTIC CITY, NJ | $95,000 | — | 1 | 264 |
| 3817 VENTNOR 304, ATLANTIC CITY, NJ | $98,000 | 2 | 2 | 1,021 |
| 3817 Ventnor 304, Atlantic City, NJ | $98,000 | 2 | — | — |
| 3817 VENTNOR AVENUE 801, ATLANTIC CITY, NJ | $99,000 | 2 | 2 | 1,123 |
| 3817 Ventor Ave. Unit 801 801, Atlantic City, NJ | $99,000 | 2 | — | 1,123 |
| 811 N DR MARTIN LUTHER KING BOULEVARD, ATLANTIC CITY, NJ | $99,000 | 3 | 1 | 990 |
Moving Cost Estimate
EXIT Agents in Newark City
Listing Courtesy: WEICHERT REALTORS - HOME CITY - 2012936333