119-123 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 10:06 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 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. An additional adjacent property is also available, creating the opportunity to assemble two side-by-side 75 x 100 lots, each with potential to subdivide into three lots, for a combined 150 x 100 parcel. The property is located at the entrance to Route 21 Bridge, providing easy access to Newark Liberty International Airport and Routes 1 & 9. It is also situated blocks from Newark's Business District, Ironbound Section, and Newark Penn Station. The property will be delivered vacant, and a storage shed will be removed prior to closing.

Key Highlights

• Prime 75 x 100 vacant lot in R‑3 zoning district.
• Potential to subdivide into three 25 x 100 lots (subject to municipal 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 with development potential near transportation and business district.

Where is this land located?

The property is located at 119-123 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 municipal approvals).; Zoning allows for up to 4‑family homes or townhouses.