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Property profile & analytics
OFF-MARKET
Land

1-7 Anthony St Newark, NJ 07107

0.16 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.16-acre commercial land parcel, located at 1-7 Anthony Street in Newark, New Jersey (zip code 07107), presents a unique investment opportunity. Situated in Essex County, this property is zoned for commercial use, offering significant potential for various development projects. The site is fully entitled for a multifamily development project, encompassing a planned 23 residential units and additional commercial spaces. Detailed plans are available upon request. The lot's precise dimensions and specifications can be provided to interested parties. This prime location offers easy access to major transportation routes and amenities, making it an attractive proposition for developers seeking a high-return investment. The property's designation as Block 791, Lot 16.01, further aids in its identification and due diligence processes. This is a rare chance to acquire a fully entitled development site in a thriving New Jersey market. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land offering. The property's coordinates are 40.7804414 latitude and -74.1748041 longitude. All necessary permits and approvals are in place, streamlining the development process. This is a turnkey opportunity for immediate development commencement.

Property profile
Verified
Property type Land
Lot 0.16 ac (6,970 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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