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Listing Details

303 Morris Ave,Newark City, NJ 07103-2626

  • November 4, 2025

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.

Details

Last Updated On: November 4th, 2025 at 8:25 pm
Property ID:PT-9006101-AXZR
Offer Type:For Vacant Land
Property Type:Vacant Land
Price: 1,600,000 $

Additional Details

Location

Lot Description: Level Lot
Lotsize: 123X100
Number of Lots: 5

Home Details

Current Use: Vacant/Unimproved
Acreage: 0.28
Road Surface Description: Blacktop/Asphalt Road
Easement: Unknown

Utilities

Services: Cable TV Available, Fiber Optic Available, Garbage Included

Taxes, Fees & Assessments

Tax Amount: $1,140.00
Tax Year: 2024
Tax Rate: 3.803%
Tax Rate Year: 2025
Land Assessment: $30,000.00
Total Assessment: $30,000.00

Statistics

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