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Developer opportunity for residential new construction in close proximity to Downtown Newark. Dimensional 25' x 100' interior land parcel w / level topography and pre-existing foundation is zoned for one to three-family as principal uses. Subject property includes City of Newark - Zoning Board of Adjustments approval to construct 3-Family property type. Location offers close proximity to Downtown Newark/Rutgers/NJIT, immediate access to public bus transportation and high walkability to local shopping along the county thoroughfare of Springfield Ave. Seller not considering offers subject to variance approvals for non-conforming use. Proposed site plan, elevation and drawings available. Buyer responsibility for own due diligence; property taxes/assessment, survey, etc.
| DAYS ON MARKET | 79 | LAST UPDATED | 8/26/2024 |
|---|---|---|---|
| TRACT | Westside | YEAR BUILT | 0 |
| COMMUNITY | Newark | COUNTY | Essex |
| STATUS | Active | PROPERTY TYPE(S) | Lot/Land/Acreage |
| PRICE HISTORY | |
| Prior to Aug 26, '24 | $295,000 |
|---|---|
| Aug 26, '24 - Today | $235,000 |
| ADDITIONAL DETAILS | |
| AREA | Newark |
|---|---|
| LOT | 2614 sq ft |
| LOT DESCRIPTION | Level |
| SEWER | Public Sewer |
| SUBDIVISION | Westside |
| TAXES | 1864 |
| WATER | Public |
| ZONING | Residential 1 Family, Residential 2 Family, Residential Multi-Family |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with COLDWELL BANKER REALTY
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