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303 Morris Ave, Newark, NJ 07103 (MLS # 3996165)

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PRICE $1,600,000 dsIDX morgage calculator
BEDS 0
BATHS 0
HOME SIZE n/a
LOT SIZE 12,197 sqft

Unparalleled development opportunity awaits in Newark's University Heights. Five contiguous lots at 303 Morris Ave offer shovel-ready approvals for a 27-unit residential building with approximately 5,500 SF of ground-floor commercial space. This rare parcel is surrounded by established apartment communities and academic facilities, delivering strong rental demand and excellent walkability to transit, universities, and downtown Newark. Ideal for developers and investors seeking a shovel ready multifamily + retail project in a high-growth, transit-oriented neighborhood.

DAYS ON MARKET 1 LAST UPDATED 11/4/2025
TRACT Block 246 LOTS 5 & 7-10 YEAR BUILT 0
COMMUNITY Newark COUNTY Essex
STATUS Active PROPERTY TYPE(S) Lot/Land/Acreage


ADDITIONAL DETAILS
AREA Newark
LOT 0.28 acre(s)
LOT DESCRIPTION Level
SUBDIVISION Block 246 LOTS 5 & 7-10
TAXES 1140
UTILITIES Cable Available
ZONING Planned Unit Development, Residential Multi-Family, See Remarks
MORTGAGE CALCULATOR
   

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Listed with SIGNATURE REALTY NJ
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