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    1136 Mccarter Hwy Newark, NJ 07102

    Sponsored
    For Sale
    Contact for pricing

    Prime 0.677-acre lot, high visibility, multiple uses.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.677-acre commercial, industrial, and residential land parcel is situated at 1136 McCarter Highway in Newark, New Jersey, within the vibrant Riverfront Redevelopment Plan. Its prime location offers unparalleled access to major transportation arteries, including Routes 280, 95, and 78, as well as Newark Airport and Manhattan. The property boasts exceptional visibility, with over 40,000 cars passing daily on McCarter Highway. Currently generating a substantial monthly income of $9,000 through a month-to-month truck parking lease and billboard advertising, this land presents a unique investment opportunity. The redevelopment plan allows for diverse uses, including multi-family residential, self-storage facilities, and light industrial development. Its proximity to the Broad Street Station (1300 feet) further enhances its accessibility and appeal. The property's location directly across from a planned 4200-unit development at Bears Stadium underscores its future growth potential. This highly visible lot offers excellent product variability within the redevelopment plan, making it an ideal investment for discerning buyers seeking a prime location with significant income potential and diverse development options. The property is zoned for commercial, industrial, and residential uses. The Essex County location and 07102 zip code provide additional context for this exceptional opportunity.

    Property Features for 1136 Mccarter Hwy

    General Information

    Property type
    Land
    Lot Size
    29,490 SF

    HighLights

    • High‑visibility corner lot directly across from a planned 4,200‑unit development at Bears Stadium.
    • Highly visible location with excellent street frontage.
    • Redevelopment plan offers diverse product mix and development options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Valley Landscape Landscaper

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Newark
    County
    Essex
    State
    New Jersey
    Longitude
    -74.1671651
    Latitude
    40.7470598

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    FAQs

    What type of property is this?
    Land - Prime 0.677-acre lot, high visibility, multiple uses.
    Where is this land located?
    The property is located at 1136 Mccarter Hwy Newark, NJ.
    What are key features of this property?
    This property features: High-visibility corner lot directly across from a planned 4,200-unit development at Bears Stadium.; Highly visible location with excellent street frontage.; Redevelopment plan offers diverse product mix and development options.
    Request Owner's contact information
    1136 Mccarter Hwy Newark, NJ 07102
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    Newark, NJ 07102
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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
    1136 Mccarter Hwy Newark, NJ 07102
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