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In-PersonVirtual Tour
$ 2,799,000
Est. payment | /mo
7,000 SqFt
$ 2,799,000
Est. payment | /mo
7,000 SqFt
Key Details
Property Type Commercial
Listing Status Under Contract
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $399
MLS Listing ID 3921788
Year Built 1983
Annual Tax Amount $21,022
Tax Year 2023
Lot Size 0.290 Acres
Property Description
Attention Builders and Investors! This is your chance to be part of an exciting development in one of Newark's most sought-after locations. Nestled in the heart of Newark's North Ward, adjacent to the historic Branch Brook Park, this property offers a unique opportunity to create a landmark development. Zoning-C-2 Commercial Community, approx. 12,501 sq.ft. lot, spanning two expansive lots. Centrally located in a thriving neighborhood, perfect for commercial or mixed-use development. Includes garage parking and high bulk zoning, offering versatile building possibilities. Just a 4-7 minute walk to Silver Lake and Branch Brook Park Light Rail stations, with direct access to NYC Penn Station. Close proximity to Newark Liberty Int'l Airport, major highways, and a short walk to Branch Brook Park, known for its annual Cherry Blossom Festival, tennis courts, and more. Steps away from Marshall's, Stop & Shop, Staples, Chase Bank, Starbucks, and other popular spots. This is an unparalleled opportunity to develop a commercial or mixed-use property in a prime location with significant foot traffic and excellent transportation links. Don't miss the chance to turn this property into a key anchor in Newark's vibrant North Ward. Schedule a tour and explore the potential of this lucrative investment!
Location
State NJ
County Essex
Zoning C2
Interior
Heating Gas-Natural
Cooling 2 Units, Central Air
Equipment Fire Alarm, Restrooms - Private, Restrooms - Public, Sign - Building
Heat Source Gas-Natural
Exterior
Exterior Feature Brick/Block
Garage Spaces 20.0
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Corner, Level Lot, Possible Subdivision
Story 2
Sewer Public Sewer
Water Public Water
Others
Ownership Fee Simple
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Listed by JACK PEDERSEN REALTY