984 Doremus Ave Newark, NJ 07114
This exceptional commercial land parcel, located in The Port, presents a unique investment opportunity. Spanning approximately 0.78 acres, this property offers significant potential for development or expansion. The lot boasts a generous width of 60 feet at its front, gradually widening towards the rear, providing flexibility in design and layout. Its single-tenant designation simplifies occupancy and management, making it an attractive option for businesses seeking a dedicated space. The strategic location within The Port ensures high visibility and accessibility, benefiting from the area's established infrastructure and commercial activity. This is an ideal site for a variety of commercial ventures, offering a blend of size, location, and simplicity. The land is ready for immediate development, presenting a rare chance to secure a prime commercial property in a thriving area. Serious inquiries are encouraged to explore the possibilities this exceptional parcel offers. The property is zoned for commercial use (zoning information available upon request). Further details regarding utilities and potential development restrictions can be provided to qualified buyers.
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.