Listing Details

496 Orange St,Newark City, NJ 07107-2944

  • March 13, 2026
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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.

Details

Last Updated On: March 13th, 2026 at 1:24 am
Property ID:PT-31491806-AXZR
Offer Type:For Vacant Land
Property Type:Vacant Land
Price: 400,000 $

Additional Details

Location

Lot Description: Level Lot
Lotsize: 25X100.2
Number of Lots: 1

Home Details

Current Use: Commercial, Residential, Vacant/Improved
Building Included: No Building
Acreage: 0.06
Road Frontage Description: Turnpike-Parkway
Road Surface Description: Public Maintained Road
Easement: No

Taxes, Fees & Assessments

Development Restriction: Unknown
Tax Amount: $1,915.00
Tax Year: 2025
Tax Rate: 3.999%
Tax Rate Year: 2025
Farm Assessment: No
Land Assessment: $42,500.00
Building Assessment: $5,400.00
Total Assessment: $47,900.00

Other

Survey: Yes

Statistics

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