109 - 117 Mount Pleasant Ave, Newark City, NJ 07104
109 - 117 Mount Pleasant Ave, Newark City, NJ 07104
109 - 117 Mount Pleasant Ave, Newark City, NJ 07104
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Naveen Sharma

Naveen Sharma

+1(732) 429-0939
$1,495,000
Est. payment /mo
6,534 Sqft Lot
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UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4052553

HOA Y/N No

Annual Tax Amount $4,798

Tax Year 2025

Lot Size 6,534 Sqft

Property Description

Rare development opportunity in one of Newark's most desirable and rapidly evolving locations. This property consists of 2 fully cleared lots totaling approximately 12,377 square feet, ideally positioned near Downtown Newark and the University Heights section. Surrounded by significant new development this location offers strong long term upside for developers and investors looking to capitalize on Newark's continued rental growth. The site offers potential for the development of 5 Triplex Unit Structures and or 24 residential units as of right, creating a compelling opportunity for a sizable multifamily building and or individual triplexes. With slight density increase and or variance the unit counts can increase drastically. A substantial portion of the early site preparation has been completed allowing a developer to focus on design, approvals, and construction. Buyer and buyer's representatives are responsible for independently verifying all zoning, permitted uses, density, unit count, buildability, and development potential directly with the City of Newark. No representations or guarantees are made regarding approvals or development rights. Renderings, illustrations, and digitally enhanced images are for conceptual and marketing purposes only and may not reflect the final design, finishes, materials, landscaping, dimensions, or completed condition of the property. All plans, features, and specifications are subject to change. Buyers should independently verify all information.

Location

State NJ

County Essex

Building

Lot Description Open Lot

Sewer Public Sewer in Street

Water Public Water on Property

Others

Senior Community No

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Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by NEW AND MODERN GROUP

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Naveen Sharma

+1(732) 429-0939

naveen@fourpointrealty.com

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109 - 117 Mount Pleasant Ave