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Residential Land Near Newark Airport
For Sale
$950,000
Pending

41 Morrell St, Elizabeth, NJ 07201

Vacant land suitable for multi-family dwelling construction.

Property SizeContact for details
Lot Size0.30 Acres
Days on Market478

Property Features for 41 Morrell St

General Information

Standard status Pending
Lot size 0.30 Acres
Property subtype Land or Vacant Lot

Taxes and HOA fees

Annual Taxes $3,263

Amenities

Level Lot
Listing Agency: GLOBAL REALTY RESOURCE
Listed By: PAUL ANYANWU · License #238478
Source: Corcoran
Added: Apr 19, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:43AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GLOBAL REALTY RESOURCE

Investment Insights

Based on property information with market context.

This is a 13,200 square foot plot of level, vacant land located at the corner of East Jersey Street and Morrell Street, near the center of Elizabeth and in close proximity to Newark Airport. The land is zoned for residential use, making it suitable for the construction of a multi-family dwelling. This property may be of interest to builders or investors looking to participate in the Elizabeth development project. The sale is "as is".

Key Highlights

  • Large 13,200 Sq. Ft. Level Land Plot
  • Zoned Residential for Multi‑Family Dwelling
  • Prime Location: Corner of East Jersey St and Morrell Street near the Center of Elizabeth

Property Analytics

Current Use

Star Insurance Agency Insurance Agency

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Veterinary Clinic Catering Service Restaurant Pet Store Pet Store & Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,298
Businesses Nearby

Demographics for 07201, NJ

29,390
Population
10,404
Households
2.8
Avg Household Size
35
Median Age
15%
College-Educated
75%
High-School Grad
6.4 sq mi
ZIP Area
4,592
Density / Sq Mi
$62,026
Median Household Income
$33,092
Median Earnings
$1,476
Median Rent
$413,000
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Residential land & home lot - Vacant land suitable for multi-family dwelling construction.
Where is this residential land & home lot located?
The property is located at 41 Morrell St Elizabeth, NJ.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Large 13,200 Sq. Ft. Level Land Plot; Zoned Residential for Multi‑Family Dwelling; Prime Location: Corner of East Jersey St and Morrell Street near the Center of Elizabeth
More about this property
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