1-7 Anthony St Newark, NJ 07107
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.