Building Details

Tenancy Single

Listing Agency: Matthews

Listed By: David Ferber · License #1974915

Source: Crexi

Added: Jun 29 Changed: Aug 29 Last Checked: Aug 29 at 4:46PM

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Investment Insights

Based on property information with market context.

This commercial land parcel is identified at 597 McCarter Highway, Newark, New Jersey 07102. The property carries a Redevelopment Plan Area zoning designation and is described as land within Newark’s downtown area.

The property information identifies the site as being within an Opportunity Zone, adding a formal designation to its redevelopment context.

Key Highlights

• Commercial land at 597 McCarter Highway, Newark, NJ 07102
• Zoned Redevelopment Plan Area
• Identified as an Opportunity Zone property

Property Analytics

Property Profile

Current Use

Market Body Works ... Auto Repair Shop

Suggested Use

Top Pick Veterinary Clinic Nursing Home (Bike/Boat/Book/etc) Store Pet Grooming Service Buffet 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

5,534

Businesses Nearby

Explore this area Business Placement

Demographics for 07102, NJ

15,047

Population

6,574

Households

2.3

Avg Household Size

34

Median Age

30%

College-Educated

82%

High-School Grad

1.1 sq mi

ZIP Area

13,679

Density / Sq Mi

$37,093

Median Household Income

$42,234

Median Earnings

$1,141

Median Rent

$293,900

Median Home Value

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Frequently Asked Questions

What type of property is this?

Commercial land - The parcel carries a Redevelopment Plan Area zoning designation at 597 McCarter Highway in Newark.

Where is this commercial land located?

The property is located at 597 McCarter Highway Newark, NJ.

What are key features of this property?

This property features: Commercial land at 597 McCarter Highway, Newark, NJ 07102; Zoned Redevelopment Plan Area; Identified as an Opportunity Zone property