303 Morris Ave, Newark, NJ 07103

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

Listing date Nov 28, 2025

Source Elliman

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Overview

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.

Suggested Use

Building Supply Veterinary Clinic Kitchen & Bath Showroom Storage Facility Garden Center Pet Grooming Service Pet Store Pet Store & Service Nursing Home Home Appliance 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

-74.1923

Latitude

40.7367

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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.