$1,600,000

303 Morris Ave, Newark City, NJ 07103

Land
Built in ——
0.28acre lot
—— car garage
$——/sqft
Listed 3 days ago

Property Description

Unparalleled development opportunity awaits in Newark's University Heights. Five contiguous lots at 303 Morris Ave offer shovel-ready approvals for a 27-unit residential building with approximately 5,500 SF of ground-floor commercial space. This rare parcel is surrounded by established apartment communities and academic facilities, delivering strong rental demand and excellent walkability to transit, universities, and downtown Newark. Ideal for developers and investors seeking a shovel ready multifamily + retail project in a high-growth, transit-oriented neighborhood.

Listing Status:: Active
Listing Office:: SIGNATURE REALTY NJ : 973-921-1111
MLS ID:: 3996165

County: Essex

Zoning: 1614-00246-0000-00010-0000-

This listing courtesy of SIGNATURE REALTY NJ

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Sir Isaac Newton Elementary School

150 Newton St, Newark, NJ, 07103

Grades PK-1

0.17 miles away

Camden Street Elementary School

281 Camden St, Newark, NJ, 07103

Grades PK-8

0.20 miles away

Uplift Academy

150 Newton St, Newark, NJ, 07103

Grades 10-12

0.17 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.