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51 Sherman Ave 500 - 1,200 SF of Retail Space Available in Newark, NJ 07114
Highlights
- Ground-floor spaces with convenient customer access
- Versatile layouts suitable for retail, office, or service-oriented uses
- Strong regional connectivity to major highways, public transit, and the airport
- Street-facing storefronts with signage and branding potential
- Located within a mixed-use residential and commercial corridor
Space Availability (2)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| - | 700 SF | Negotiable | $28.12 CAD/SF/YR $2.34 CAD/SF/MO $19,687 CAD/YR $1,641 CAD/MO | Modified Gross | ||
| - | 500 SF | Negotiable | $26.25 CAD/SF/YR $2.19 CAD/SF/MO $13,125 CAD/YR $1,094 CAD/MO | Modified Gross |
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Approx. 700 SF commercial space $1,200 month, offering a spacious and adaptable layout in a convenient Newark location. This unit provides ample room for operations, making it an ideal choice for businesses looking to expand or secure a comfortable footprint with flexibility. The space features: Generous open floor plan with excellent flow, Direct street access for high visibility and convenience, Versatile interior ready for customization, Strong frontage potential for branding.
- Listed rate may not include certain utilities, building services and property expenses
- Generous open floor plan with excellent flow
- Direct street access for high visibility and conve
- Versatile interior ready for customization
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500 SF commercial space $800 month, offering an efficient and affordable opportunity in a convenient Newark location. This unit features a versatile floor plan that maximizes the square footage, making it an excellent "starter space" or satellite location for a growing business. Ideally suited for: Boutique retail or pop-up shop, Professional or administrative office, Personal service or wellness studio, E-commerce fulfillment or storage (subject to zoning).
- Listed rate may not include certain utilities, building services and property expenses
- Direct street access for client/customer convenien
- Versatile interior ready for customization
- Great potential for branding and signage
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 51 Sherman Ave, Newark, NJ 07114
- Tenant
- Description
- US Locations
- Reach
- Bodega La Chiquita
- Supermarket
- 1
- Local
| Tenant | Description | US Locations | Reach |
| Bodega La Chiquita | Supermarket | 1 | Local |
Property Facts
| Total Space Available | 1,200 SF | Gross Leasable Area | 4,300 SF |
| Property Type | Retail | Year Built | 1940 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,200 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 4,300 SF |
| Year Built | 1940 |
About the Property
Two distinct ground-floor commercial spaces are available for lease at highly competitive pricing in a strategically located area of Newark, offering an excellent opportunity for entrepreneurs and small businesses looking to establish or expand their presence. Available Commercial Spaces: 49 Sherman Avenue: Approx. 700 SF | $1,200/month Flexible open layout with a rare backyard patio, ideal for boutique retail, creative studios, wellness concepts, salons, or café-style uses. 51 Sherman Avenue: Approx. 500 SF | $800/month Traditional storefront layout, well-suited for professional services, pop-up retail, or businesses seeking an efficient, low-overhead footprint. These units represent a smart, value-driven option for neighborhood-serving and service-based businesses seeking accessibility, flexibility, and long-term growth potential. Located just blocks from Frelinghuysen Avenue and Clinton Avenue, the property benefits from strong neighborhood activity and convenient access to major transportation routes, including Interstate 78, Route 1 & 9, and Newark Liberty International Airport. Contact me for additional details or to schedule a private tour of the available spaces.
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51 Sherman Ave
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