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Property profile

1-7 Anthony St Newark, NJ 07107

OFF-MARKET
Land
0.16 ac lot
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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

Location

1-7 Anthony St Newark, NJ 07107
Newark metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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