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