Asking Price: $2,750,000
Lot Size: 63162
Cost per Square Foot: $43.54
Vacant Land in Newark centrally located within one mile of the downtown business district, Garden State Parkway, I-78, and US-21, and not far from Essex County College and NJIT.
Key Points: 1.45 +/- acres of land divided into two contiguous areas, separated by Livingston Street in the Springfield/Belmont neighborhood of Newark. The primary 1+/- acre parcel, is located in an R-4 low-rise, multifamily residential zone and fronts Irvine Turner Boulevard at a traffic light. The additional 0.344+/- acre lot, is in the C-2 Community Commercial zone and would be ideal for parking. The property is located one-half block south of Springfield Avenue and across the street from a relatively new multifamily residential development in the Redevelopment/Special Districts zone. One block north is a new shopping center anchored by Shop-Rite. Other nearby retail projects include a Sonic Burger, AutoZone, and Dunkin Donuts. University Hospital, NJIT, and the Prudential Center are within a 1 mile walk. Property is also available for lease at $12,500 per month