Auction Details Bidding Opens: February 10th, 2025 12:00 PM Bidding Ends: February 12th, 2025 12:00 PM Opening Bid: $650,000 Property Snapshot • Block-through, corner retail property with 18 parking spaces • 10,105 SF building, located on a 18,099 SF lot • 380’ combined frontage, featuring 200 ft of frontage along Bergen Street, 90 ft of frontage on Scheerer Avenue and 90 ft of frontage on Shepard Avenue • Potential redevelopment opportunity; the City of Newark has rezoned the corridor to allow mixed-use developments with high-density residential components. • Prime location on the Bergen Street retail corridor with 8,500 vehicles per day along Bergen Street • Located across the street from the bus stop at Bergen Street and Scheerer Avenue • Short walk from the Weequahic Park and the Newark Beth Israel Medical Center