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303 Morris Ave Newark, NJ 07103

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For Sale
$1,600,000

Five lots approved for 27 units and commercial space.

Lot size:
0.28 Acres

Property Features for 303 Morris Ave

General Information

Lot size
0.28 Acres

Source: SIGNATURE REALTY NJ Agent DANIEL F. SANTOS

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Development Opportunity in University Heights

An unparalleled development opportunity is available in the University Heights section of Newark. The site consists of five contiguous lots at 303 Morris Ave. The property has shovel-ready approvals for a 27-unit residential building. The building plans also include approximately 5,500 square feet of ground-floor commercial space. The parcel is located in a transit-oriented neighborhood near universities and downtown Newark. The surrounding area features established apartment communities and academic facilities. This location provides strong rental demand and excellent walkability to transit, universities, and downtown Newark. This property is suited for developers and investors seeking a multifamily and retail project in a high-growth area.
Location Intelligence

Current Use by Public Records

Land

Suggested Use

Realty agency Restaurant Building Supply Spa & Massage Law Firm Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Newark
County
Essex
State
New Jersey
Longitude
-74.1922552
Latitude
40.7367094

FAQs

What type of property is this?
Land - Five lots approved for 27 units and commercial space.
Where is this land located?
The property is located at 303 Morris Ave Newark, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: - Shovel-ready approvals for a **27-unit residential building with 5,500 SF of commercial space**.; - Five contiguous lots in Newark's University Heights.; - Strong rental demand due to proximity to universities and established apartment communities.
More about this property
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