REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,600,000
Est. payment /mo
Active
295-303 Morris Ave Newark City, NJ 07103
0.28 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Block 246 Lots 5 & 7-10
MLS Listing ID 3996165
HOA Y/N No
Annual Tax Amount $1,140
Tax Year 2024
Lot Size 0.280 Acres
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.
Location
State NJ
County Essex
Building
Lot Description Level Lot
Sewer Public Sewer in Street
Water Public Water in Street
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by SIGNATURE REALTY NJ
Nearby Locations
MORTGAGE CALCULATOR
Use our home loan calculator to estimate your total mortgage payment, including taxes and insurance. Simply enter the price of the home, your down payment, and details about the home loan, to calculate your mortgage payment, schedule, and more.
Payment
Schedule
Your mortgage payments over 30 years will add up to $0.
Get more info from a local expert!
AFFORDABILITY CALCULATOR
Use this calculator to determine how much house you can afford. By entering details about your income, down payment, and monthly debts, you can estimate the mortgage amount that works with your budget.
You can afford a home up to: $0
Your debt-to-income ratio is 36%
Quite affordable.
View Affordable PropertiesQuite affordable.
Payment Breakdown：
$0 Month
Get more info from a local expert!