1136 Mccarter Hwy Newark, NJ 07102
- Commercial real estate
Current Use by Public Records
- Valley Landscape / Landscaper
Property Details for 1136 Mccarter Hwy
- Property type
- Commercial real estate
- APN
- 14 00006-0000-00005-0000-T01
- APU
- 14000060000000050000T01
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Newark
- County
- Essex
- State
- New Jersey
- Longitude
- -74.1669
- Latitude
- 40.7471
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
