113-117 Vanderpool St Newark, NJ 07114

Listing Agency RE/MAX LIFETIME REALTORS b***@gmail.com Show Phone

605 CHESTNUT ST., Union, NJ

Listed by DYANA LIBORIO · License #2078092 Show Phone

Added: Mar 23 Checked: Jul 18 at 9:06 am

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Investment Insights

Based on property information with market context.

This 0.17-acre vacant lot is located in Newark City, NJ. Zoned R-3, the property offers a prime development opportunity with the potential to subdivide into three 25 x 100 lots, subject to municipal approvals. The zoning allows for up to 4-family homes or townhouses, presenting value for investors and developers. An additional adjacent property is also available, creating the opportunity to assemble two side-by-side 75 x 100 lots, each with the potential to subdivide into three lots, for a combined 150 x 100 parcel with significant development potential. The property is ideally located at the entrance to Route 21 Bridge, providing easy access to Newark Liberty International Airport and Routes 1 & 9. It is also situated just blocks from Newark’s Business District, the Ironbound Section, and Newark Penn Station. The storage shed will be removed prior to closing, and the property will be delivered vacant.

Key Highlights

• Prime 75 x 100 vacant lot in R‑3 zoning district.
• Potential to subdivide into three 25 x 100 lots (subject to approvals).
• Zoning allows for up to 4‑family homes or townhouses.

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FAQs

What type of property is this?

Land - Vacant lot in Newark City with development potential.

Where is this land located?

The property is located at 113-117 Vanderpool St Newark, NJ.

What is the asking price?

The asking price for this property is $800,000.

What are key features of this property?

This property features: Prime 75 x 100 vacant lot in R‑3 zoning district.; Potential to subdivide into three 25 x 100 lots (subject to approvals).; Zoning allows for up to 4‑family homes or townhouses.