Newark NJ Real Estate & Land For Sale

Vacant lot located in the R-2 District, where it permits 1 - 3 family dwellings and townhouses. It also permits conditional low rise multi-family dwellings. There are multi-family buildings in the area. On the opposite corner of the block, there is a 3-story, 16-unit multi-family building that is currently under construction. This property can support a 3 story, 15-unit multi-family building. Close proximity to everything all major public transportation. BUYER MUST UNDERTAKE THE NECESSARY DUE DILIGENCE BEFORE SUBMITTING AN OFFER. THE POTENTIAL TO DEVELOP THE LAND IS WITHIN REACH! View and send offers asap!

WELCOME TO THIS FABULOUS EXCITING DISTRICT: LET YOUR DREAMS GO WILD ON THIS SITE! YOU CAN BUILD A TWO-FAMILY HIGH-END RESIDENTIAL HOUSE WITH 3 BEDROOMS, A LIVING ROOM, A DINING ROOM, 1 MASTER BATHROOM, 1 FULL BATHROOM, A KITCHEN IN EACH UNIT, LARGE EXPENSIVE SLIDING DOUBLE DOORS LEADING TO THE PRIVATE BALCONY LOCATED IN THE REAR OF THE BUILDING! HARDWOOD AND MARBLE FLOORS, AND CROWN MOLDING THROUGHOUT THE HOUSE! THE HIGH-END TW0-FAMILY RESIDENTIAL HOUSE HAS TO BE BUILT!!!!!AN INCREDIBLE OPPORTUNITY TO BUILD A NEW RESIDENTIAL 2-FAMILY HOUSE IN A DESIRABLE MARKET. APPROVED NEW ZONING RESOLUTION GIVE THE PERFECT OPPORTUNITY FOR A SEASONED DEVELOPER TO USE THEIR IMAGINATION AND BUILD A MAGNIFICENT DESIGN TO CHANGE THE RESIDENTIAL/COMMERCIAL SPRINGFIELD REVITALIZATION OF THE CITY OF NEWARK! SELLER IS LOOKING FOR A RELATIVE QUICK CLOSING!BUYER TO PERFORM DUE DILIGENCE FOR ANY POSSIBLE USES/ZONING/BUILDING/APPROVALS.

Vacant lot. Approved for submission Preliminary & Final Site Plan (Nov 2023 ZBA 22-60) to demolish the existing structure and construct a new three family dwelling. Lot size is 2,500 sq ft (25 by 100). The lot is right across from the hospital. Great location and great rental or sale. Close to major transportation to New Jersey Transit and Penn Station.

SUBJECT TO 3RD PARTY APPOVAL.1 family home not salvageable. Extensive water damage. in need of tear down. Great potential for developer.