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698 Newark St Newark, NJ 07103

For Sale
$649,999

Approved 22-unit apartment complex with commercial spaces in Newark.

Source: JERSEY BLUE ESTATES Agent CHERISE RAYMOND

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Approved 22-Unit Newark Apartment Complex

This approved development opportunity is located in Newark's South Ward. The mid-rise multifamily building is designed to include 20 residential units with a mix of spacious layouts across five floors. Floors 2-5 each feature four 2-bedroom dwelling units. The sixth floor comprises two 2-bedroom units and two 1-bedroom units. Every apartment includes a dedicated laundry room. There are also 2 ground-floor commercial spaces suitable for businesses. Resident amenities include a spacious gym and a large common area. Elevator access ensures easy navigation throughout the building. A distinctive frontal deck enhances the building's aesthetic appeal. The property is in an area with numerous approved and ongoing construction projects and offers convenient access to major transportation hubs, including NJ Transit and Penn Station. The development is for an apartment complex.
Property Profile Location Intelligence

Current Use by Public Records

Commercial land

Suggested Use

Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Newark
County
Essex
State
New Jersey
Longitude
-74.182581
Latitude
40.74476

FAQs

What type of property is this?
Commercial land - Approved 22-unit apartment complex with commercial spaces in Newark.
Where is this commercial land located?
The property is located at 698 Newark St Newark, NJ.
What is the asking price?
The asking price for this property is $649,999.
What are key features of this property?
This property features: - Approved 22-Unit Apartment Complex in Newark's Thriving South Ward; - Mix of 20 Residential Units with Spacious 2-Bedroom and 1-Bedroom Layouts; - **In-Unit Laundry in Every Apartment**
More about this property
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