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$ 1,600,000
Est. payment | /mo
0.28 Acres Lot
$ 1,600,000
Est. payment | /mo
0.28 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Block 246 Lots 5 & 7-10
MLS Listing ID 3996165
HOA Y/N No
Annual Tax Amount $1,140
Tax Year 2024
Lot Size 0.280 Acres
Property 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.
Location
State NJ
County Essex
Building
Lot Description Level Lot
Sewer Public Sewer in Street
Water Public Water in Street
Others
Senior Community No
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