Properties

Description

Unparalleled development opportunity awaits in Newark's University Heights. Five contiguous lots at 303 Morris Ave offer shovel-ready approvals for a 27-unit residential building with approximately 5,500 SF of ground-floor commercial space. This rare parcel is surrounded by established apartment communities and academic facilities, delivering strong rental demand and excellent walkability to transit, universities, and downtown Newark. Ideal for developers and investors seeking a shovel ready multifamily + retail project in a high-growth, transit-oriented neighborhood.

Features

  • Lot Description: Level Lot
  • Tax Assessed Valuation: 30000

Additional Info

  • Office Name: SIGNATURE REALTY NJ
  • Office MLS ID: 4134
  • Agent ID: 399509
  • Tax: 1140
  • Tax Year: 2024
  • Application Fee: $0

Lots And Land For Sale

For Sale
$1,600,000

303 Morris Ave, Newark City, *

  • SQFT 123 Acre

Details

  • Property Type: Lots And Land
  • Listing Type: For Sale
  • Listing ID: 5395419
  • Price: $1,600,000
  • Bedrooms: 0
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 0
  • Lot Area: 123 Acre
  • Status: Active
  • Days On Market: 0

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Subdivision: Block 246 LOTS 5 & 7-10
  • Street: Morris Ave
  • Street Number: 303
  • Street Direction: The lots are situated at the northern corner of Mo
  • Floor Number: 0
  • Longitude: W75° 48' 28.3''
  • Latitude: N40° 44' 12''
  • Internet Display Address: Yes
Property