$400,000
Est. payment /mo
2,613 Sqft Lot
Under Contract
496 Orange St Newark City, NJ 07107
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Key Details
Property Type Vacant Land
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 4014231
HOA Y/N No
Annual Tax Amount $1,915
Tax Year 2025
Lot Size 2,613 Sqft
Property Description
Prime Development opportunity in the heart of Newark. This 2505 SQ FT lot is located in a C2 Commercial/Residential Zone, offering allows for up to 8 stories and the possibility to build up to 15 residential units with a commercial space on the ground floor. One of the key advantages of this property is that no parking is required, making it highly attractive for developers looking to maximize the building footprint and unit count. Strategically located on Orange street, with convenient access to major highways, public transportation, universities, hospitals, and ongoing redevelopment project throughout the area. This location continues to experience strong grow and investment, making it an ideal opportunity for a forward thinking development project. Buyer to perform their own diligence with the City Of Newark regarding Zoning, approvals , and development potential.
Location
State NJ
County Essex
Zoning c2 Commercial
Interior
Inclusions No Building, See Remarks
Building
Lot Description Level Lot
Sewer See Remarks
Water None, See Remarks
Others
Senior Community No
Miscellaneous See Remarks
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Listed by REALTY ONE GROUP LEGEND
NEARBY SCHOOL & BUSINESS
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