295 Morris Ave, Newark, NJ 07103

Listing agent DANIEL F. SANTOS

Listing office SIGNATURE REALTY NJ d***@srnjteam.com Show Phone

Listing date Nov 4, 2025

Source Corcoran

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Overview

A development opportunity is available in Newark's University Heights. The property consists of five contiguous lots at 303 Morris Ave, with approvals for a 27-unit residential building. The building plans include approximately 5,500 square feet of ground-floor commercial space. The parcel is located near established apartment communities and academic facilities, with access to transit, universities, and downtown Newark. This location may be suitable for a multifamily and retail project.

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Location Insight

• Map
• Local Demand

City

Newark

County

Essex

State

New Jersey

Longitude

-74.1922285

Latitude

40.7370176

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FAQs

What type of property is this?

Commercial land - Approved for 27 units and 5,500 SF commercial space.

Where is this commercial land located?

The property is located at 295 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 approximately 5,500 SF of ground‑floor commercial space.; Five contiguous lots in Newark's University Heights.; Strong rental demand due to proximity to universities and established apartment communities.