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52 Gray St 813 SF Specialty Building Offered at $585,000 in Newark, NJ 07107
Investment Highlights
- Situated on a local neighborhood street in Newark’s North Ward.
- The area supports strong neighborhood engagement and local accessibility.
- Surrounded by dense residential uses and established community institutions.
- Conveniently located near transit routes and local amenities.
Executive Summary
This property is currently being used as a Church and has been for over the last 20 years, but because this property lies within the re-development zone in Newark and is zoned as a C2 property, the use can easily be changed therefore making it desirable for developers looking to build on this land. If you are interested in this property please text 973-444-5300 with your business card, date and times to set up any showings. Listing Agent to accompany for all showings.
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $585,000 | Lot Size | 0.11 AC |
| Price Per SF | $719.56 | Building Size | 813 SF |
| Sale Type | Owner User | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1903 |
| Property Subtype | Religious Facility | Parking Ratio | 7.38/1,000 SF |
| Building Class | C | ||
| Zoning | C2 - This property can easily be changed form the current use as a Church to anything within the C2 zoning guidelines as it is in the re-development zone | ||
| Price | $585,000 |
| Price Per SF | $719.56 |
| Sale Type | Owner User |
| Property Type | Specialty |
| Property Subtype | Religious Facility |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 813 SF |
| No. Stories | 1 |
| Year Built | 1903 |
| Parking Ratio | 7.38/1,000 SF |
| Zoning | C2 - This property can easily be changed form the current use as a Church to anything within the C2 zoning guidelines as it is in the re-development zone |
Amenities
- Air Conditioning
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Exceptional public transit
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-01903-0000-00012 | Total Assessment | $230,000 |
| Land Assessment | $23,900 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $206,100 | Tax Year | 2026 |
Property Taxes
Parcel Number
14-01903-0000-00012
Land Assessment
$23,900
Improvements Assessment
$206,100
Total Assessment
$230,000
Annual Taxes
($1) ($0.00/SF)
Tax Year
2026
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Contact the Sale Advisor
52 Gray St