496 Orange St | Newark City

$400,000

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. GSMLS 4014231

Directions to property: from Roseville ave to Orange st.

MLS Listing ID: 
GSMLS 4014231
Listing Status
Status of the Listing.
Listing Status: 
Active
Listing Status (Local): 
Active
Listing Status Accepting Offers: 
1
Construction
Exterior Features: 
See Remarks
Room Details
Details about the rooms in the building.
Total Bedrooms: 
0
Total Bathrooms: 
0
Total Full-Bathrooms: 
0
Total Half-Bathrooms: 
0
Utilities
Information about utilities available on the property.
Water Source: 
None, See Remarks
Sewer: 
See Remarks
Lot/Land Details
Details about the lots and land features included on the property.
Acres: 
0.06
Lot Size (Dimensions): 
25X100.2
Waterfront: 
0
Lot Features
Yard: 
Level, See Remarks
Public Record
Parcel Number: 
1614-01889-0001-00003-0000-
Annual Tax: 
$1,915.00
Property Zoning: 
c2 Commercial
Contract Details
Details about the listing contract.
Possession: 
Inmediate
Listing Participants
Participants (agents, offices, etc.) in the transaction.
Listing Office Name: 
REALTY ONE GROUP LEGEND