303 Morris Ave - Commercial LAND FOR SALE


Newark, NJ 07103- Springfield-Belmont12,632 SF
$1,600,000 USD
908-538-3133
303 Morris Ave, Newark, NJ for Sale
$1,600,000 USD
Commercial LAND - FOR SALE
1/5
12,632 SF

303 Morris Ave
Newark, NJ 07103
Springfield-Belmont


OVERVIEW

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 an entitlement-ready multifamily + retail project in a high-growth, transit-oriented neighborhood. Key Features: * Property: Five contiguous vacant lots (sale as a package) * Address: 303 Morris Ave, Newark, NJ 07103 * Approved Development: 27 residential units + ~5,500 SF commercial space (ground floor) * Lot Area: ~0.2891 acres (˜12,593 SF) * Entitlements: Shovel-ready approvals * Utilities: Municipal water, sewer & electric access * Documents: Available

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/ACRE

$5,517,241/AC

PRICE/SF

$127 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Multi-Family, Storefront Retail/Residential

LAND ACRES

0.29 AC

LAND SF

12,632 SF

OFFSITE IMPROVEMENTS

-

ZONING

1

APN/PARCEL ID

14-00246-0000-00005,14-00246-0000-00007,14-00246-0000-00008,14-00246-0000-00009,14-00246-0000-00010

ASK ABOUT THIS PROPERTY

Daniel SantosSignature Realty NJ LLCMore Info
908-538-3133

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Daniel SantosSignature Realty NJ LLCMore Info
908-538-3133

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.