Vanderpool St,Newark City, NJ 07114
Newark City, NJ 07114
Description
Prime Development Opportunity! Exceptional 75 x 100 vacant lot located in an R-3 zoning district with potential to subdivide into three 25 x 100 lots (subject to municipal approvals). Zoning allows for up to 4-family homes or townhouses, offering strong value for investors and developers. One additional adjacent property is also available, creating the opportunity to assemble two side-by-side 75 x 100 lots, each with potential to subdivide into three lots, for a combined 150 x 100 parcel with significant development potential. Ideally located at the entrance to Route 21 Bridge with easy access to Newark Liberty International Airport, Routes 1 & 9, and just blocks from Newark's Business District, Ironbound Section, and Newark Penn Station. Storage shed will be removed prior to closing and property will be delivered vacant.
Details
| MLS # | 4016222 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract |
| Days On Site | 184 |
| Listing Provided By | RE/MAX LIFETIME REALTORS | DYANA LIBORIO |
Features
| Zoning | R-3 |
|---|
Taxes
| Property | 16995 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07114 |
| Area | Essex |
| Listing VS Median (in 07114) | |
Price: $800,000 low | high Med: $309,000 On site: 184 low | high Med: 134 | |
Market Activity 07114
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07114 |
| Area | Essex |
| Listing VS Median (in 07114) | |
Price: $800,000 low | high Med: $309,000 On site: 184 low | high Med: 134 | |