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    49-55 Evergreen Ave Newark, NJ 07114

    For Sale
    Contact for pricing

    14,500 SF Vacant Land, Mx-1 Zoning

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 14,500 square foot vacant land parcel presents a unique investment opportunity in Newark, New Jersey. Situated in the desirable Mx-1 (Mixed Use) zone, this property offers significant development potential. The lot, identified as Block 3753, Lot 14, boasts excellent street access and is ideally suited for a variety of industrial uses. Its location in Newark provides easy access to major transportation routes, enhancing its appeal for businesses requiring efficient logistics. The annual property taxes are $10,000. The sale price is available upon request, making this a compelling proposition for developers and investors seeking a prime industrial site in a thriving urban area. This property is ready for immediate development, offering a blank canvas for a wide range of projects. The flexible zoning allows for diverse uses, making it an attractive option for various business ventures. Don't miss this chance to acquire a strategically located industrial land parcel in a dynamic market. Contact us today to learn more and discuss this exciting opportunity.

    Property Features for 49-55 Evergreen Ave

    General Information

    Property type
    Land

    HighLights

    • 14,500 sq. ft. vacant industrial land parcel in Newark, NJ.
    • Mixed‑use (MX‑1) zoning allows for diverse development opportunities.
    • Annual property taxes are $10,000.
    • Located at Block 3753, Lot 14.
    • Sale price is available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -74.2025078
    Latitude
    40.6924275

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    FAQs

    What type of property is this?
    Land - 14,500 SF Vacant Land, Mx-1 Zoning
    Where is this land located?
    The property is located at 49-55 Evergreen Ave Newark, NJ.
    What are key features of this property?
    This property features: 14,500 sq. ft. vacant industrial land parcel in Newark, NJ.; Mixed-use (MX-1) zoning allows for diverse development opportunities.; Annual property taxes are $10,000.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    49-55 Evergreen Ave Newark, NJ 07114
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