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303 Morris Ave,Newark City, NJ 07103-2626 | Wright Home Realty

Call us:

+01-123-4567

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Listing Details

For Vacant Land

303 Morris Ave,Newark City, NJ 07103-2626

November 4, 2025

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

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

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