DAVELOPERS CONTRACTORS THIS WHAT YOU'VE BEEN LOOKING FOR. 68X100 EMPTY LOT, READY FOR YOUR DREAMS TO BE BUILD, R1 ZONE
VACANT LOT build today !! Plans approved and permit fees /water connection fees paid for 2 family Zoned for a 3 family R2 Update permits and Start Building asap! ZONED FOR A 3 Family!! NEW BUYER can update / convert with minimal plan changes from Architect add kitchen ,1 condenser and hot water heater) !!ARV $999,999 for 3 Family with 9 BEDROOMS 5 Bathrooms! LAUNDRY on each level. Vacant lot go and drive by! Invest in Newark while you still can !!! 5 YEAR TAX ABATEMENT when finished.
Investment opportunity in North Newark! Licensed rooming house with 18 units near Branch Brook Park. Grossing $133k/year and 8.4 cap rate. Ideal for steady cash flow and appreciation!
This land is in a prime location, minutes away from downtown Newark, 10-minute drive to Newark Liberty Airport, Newark Penn Station, Newark Motor Vehicle Center and only two blocks to public transportation from Broad Street or Clinton Avenue.
Discover an exceptional development opportunity at 48 Elm Rd in the sought-after Ironbound section of Newark, NJ. This property comes with city-approved plans for transforming the existing commercial office space into a modern boutique three-family residence. The approved plans include a spacious 2,160-square-foot garage on the ground floor, complemented by an additional 365-square-foot outdoor patio area. The second floor features two units: Unit 201, a 2-bedroom, 2-bathroom apartment totaling 845 SF, and Unit 202, another 2-bedroom, 2-bathroom unit with 797 SF. The third floor boasts a luxurious 3-bedroom, 3-bathroom apartment with a den, office, living room, kitchen, and terrace spanning 1,697 SF. Key features of the development include Garage: On-site parking for 3 cars. Elevator: Convenient access from the ground floor to the rooftop. Rooftop Garden Lounge: A deck that can accommodate up to 20 people. High-End Finishes: Hardwood floors, central AC, energy-efficient lighting, and brand-new appliances in each unit. In-unit laundry: Each apartment includes a washer/dryer for added convenience. Private financing for acquisition and construction is available upon request. Whether you build and hold or sell the completed units, this project presents a promising opportunity for significant returns on investment. Located just minutes from Newark Penn Station, with easy access to NY Penn Station, it is a prime choice for developers ready to capitalize on the area's growth.
PROPERTY IS APPROVED FOR A FIVE STORY RESIDENTIAL BUILDING. 22 BEDROOMS, AND 4 ONE BEDROOMS. OPTIONAL PARKING LEVEL BUT NOT REQUIRED. APPROVED PLANS INCLUDED. CLOSE TO LIGHT RAIL TRANSPORTATION AND MAJOR HIGHWAYS. GREAT LOCATION.
Vacant lot located in the R-2 District, where it permits 1 - 3 family dwellings and townhouses. It also permits conditional low rise multi-family dwellings. There are multi-family buildings in the area. On the opposite corner of the block, there is a 3-story, 16-unit multi-family building that is currently under construction. This property can support a 3 story, 15-unit multi-family building. Close proximity to everything all major public transportation. BUYER MUST UNDERTAKE THE NECESSARY DUE DILIGENCE BEFORE SUBMITTING AN OFFER. THE POTENTIAL TO DEVELOP THE LAND IS WITHIN REACH! View and send offers asap!
Incredible opportunity to develop within Ironbound's extremely desirable market. Location is only a 4 minute car ride to Penn station or 8 minute bike ride. Transit stations with direct lines to Penn station are also within 1200 feet of the property. The City of Newark plans to build green space (Parks) across from the site. Property is close to major highways and access points near R9, I95, Harrison and Kearny.
Vacant lot. Owner received the approvals to build a 2 family house on the property, The lot is approved to BUILD a 2 family. Approved plans are available. Lot is 3,132 sq ft (31.3 by 100). Paid water connection. Close to major transportation to New Jersey Transit and Penn Station.
Vacant lot. Approved for submission Preliminary & Final Site Plan (Nov 2023 ZBA 22-60) to demolish the existing structure and construct a new three family dwelling. Lot size is 2,500 sq ft (25 by 100). The lot is right across from the hospital. Great location and great rental or sale. Close to major transportation to New Jersey Transit and Penn Station.
Welcome to an amazing shovel-ready opportunity for the serious investor! This parcel of land has been approved for a total of 30 units! 27 residential and 3 stores.
Newark is located in New Jersey. Newark, New Jersey has a population of 306,247. Newark is less family-centric than the surrounding county with 22.75% of the households containing married families with children. The county average for households married with children is 30.18%.
The median household income in Newark, New Jersey is $41,335. The median household income for the surrounding county is $67,826 compared to the national median of $69,021. The median age of people living in Newark is 34.7 years.
The average high temperature in July is 86 degrees, with an average low temperature in January of 22.7 degrees. The average rainfall is approximately 47.5 inches per year, with 26.1 inches of snow per year.