Newark Development Opportunity on
For Sale
$400,000
496 Orange St, Newark, NJ 07107
2505 SF lot in C2 zone, build up to 8 stories.
Property SizeContact for details
Lot Size0.06 Acres
Days on Market162
Property Features for 496 Orange St
General Information
Standard status
Active
Lot size
0.06 Acres
Property subtype
Land or Vacant Lot
Taxes and HOA fees
Annual Taxes
$1,915
Amenities
Level Lot
Listing Agency:
REALTY ONE GROUP LEGEND
(973) 772-0660
Listed By:
BARBARA LOPEZ
Source:
Corcoran
Added: Mar 13
Changed: Aug 20
Last Checked: Aug 20 at 6:53AM
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 REALTY ONE GROUP LEGEND
Investment Insights
Based on property information with market context.
This 2505 square foot lot presents a development opportunity in Newark. Zoned C2 Commercial/Residential, the property allows for construction of up to 8 stories. The site has the potential to accommodate up to 15 residential units, with the possibility of incorporating a commercial space on the ground floor. A notable feature is the absence of parking requirements, which may appeal to developers seeking to maximize building footprint and unit count. The property is located on Orange Street, providing access to major highways and public transportation. The location offers convenient access to universities, hospitals, and ongoing redevelopment projects in the area. The area is experiencing growth and investment. Prospective buyers are advised to conduct their own due diligence with the City of Newark regarding zoning regulations, approvals, and development potential.
Key Highlights
- Up to 8 stories and 15 residential units possible due to C2 Commercial/Residential Zoning.
- No parking required, maximizing building footprint and unit count.
- Prime development opportunity in the heart of Newark.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,322
Businesses Nearby
Explore this area
Business Placement
Demographics for 07107, NJ
41,627
Population
16,084
Households
2.6
Avg Household Size
33
Median Age
13%
College-Educated
77%
High-School Grad
1.6 sq mi
ZIP Area
26,017
Density / Sq Mi
$49,892
Median Household Income
$35,700
Median Earnings
$1,259
Median Rent
$353,300
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - 2505 SF lot in C2 zone, build up to 8 stories.
Where is this commercial land located?
The property is located at 496 Orange St Newark, NJ.
What is the asking price?
The asking price for this property is $400,000.
What are key features of this property?
This property features: Up to 8 stories and 15 residential units possible due to C2 Commercial/Residential Zoning.; No parking required, maximizing building footprint and unit count.; Prime development opportunity in the heart of Newark.
