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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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