Property
Newark City, NJ 07103 303 Morris Ave
$1,600,000
0 more
Presented By: SIGNATURE REALTY NJ; 908-538-3133
Home Details
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.
Presented By: SIGNATURE REALTY NJ; 908-538-3133
General for 303 Morris Ave
CountyEssex
Development StatusSite Plan Approved
DirectionsThe lots are situated at the northern corner of Morris Avenue, between 4th Avenue and 15th Avenue, in the 07103 zip code area
Documents AvailableBuilding Plans, Engineering Report, See Remarks, Site Plan, Survey Available
EasementUnknown
Number of Lots5
Possessionat-closing
ServicesCable TV Available, Fiber Optic Available, Garbage Included
Standard StatusActive
StatusActive
Subdivision NameBlock 246 LOTS 5 & 7-10
Tax Annual Amount1140
Tax Assessed Value30000
Tax Lot10
Tax Year2024
Town #1614
TownshipNewark City
UtilitiesElectric, Gas
Zoned InfoPlanned Unit Development, Residential Multi-Family, See Remarks
Exterior for 303 Morris Ave
Lot Dimensions123X100
Lot FeaturesLevel Lot
Lot Size Acres0.28
Road Surface DescriptionBlacktop/Asphalt Road
Sewer InfoPublic Sewer in Street
Water InfoPublic Water in Street
Additional Details
Price History
Tina Torres
Broker/Owner