496 Orange St, Newark City, NJ 07107
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$400,000
Est. payment /mo
2,613 Sqft Lot
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Key Details

Property Type Vacant Land

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 4014231

HOA Y/N No

Annual Tax Amount $1,915

Tax Year 2025

Lot Size 2,613 Sqft

Property Description

Prime Development opportunity in the heart of Newark. This 2505 SQ FT lot is located in a C2 Commercial/Residential Zone, offering allows for up to 8 stories and the possibility to build up to 15 residential units with a commercial space on the ground floor. One of the key advantages of this property is that no parking is required, making it highly attractive for developers looking to maximize the building footprint and unit count. Strategically located on Orange street, with convenient access to major highways, public transportation, universities, hospitals, and ongoing redevelopment project throughout the area. This location continues to experience strong grow and investment, making it an ideal opportunity for a forward thinking development project. Buyer to perform their own diligence with the City Of Newark regarding Zoning, approvals , and development potential.

Location

State NJ

County Essex

Zoning c2 Commercial

Interior

Inclusions No Building, See Remarks

Building

Lot Description Level Lot

Sewer See Remarks

Water None, See Remarks

Others

Senior Community No

Miscellaneous See Remarks


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Garden State MLS(GSMLS)
Listed by REALTY ONE GROUP LEGEND

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Name

Name

Phone*

Phone

Message

Message
Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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496 Orange St