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303 Morris Ave 0.28 Acres of Commercial Land Offered at $2,233,472 CAD in Newark, NJ 07103
EXECUTIVE SUMMARY
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 an entitlement-ready multifamily + retail project in a high-growth, transit-oriented neighborhood.
Key Features:
* Property: Five contiguous vacant lots (sale as a package)
* Address: 303 Morris Ave, Newark, NJ 07103
* Approved Development: 27 residential units + ~5,500 SF commercial space (ground floor)
* Lot Area: ~0.2891 acres (˜12,593 SF)
* Entitlements: Shovel-ready approvals
* Utilities: Municipal water, sewer & electric access
* Documents: Available
Key Features:
* Property: Five contiguous vacant lots (sale as a package)
* Address: 303 Morris Ave, Newark, NJ 07103
* Approved Development: 27 residential units + ~5,500 SF commercial space (ground floor)
* Lot Area: ~0.2891 acres (˜12,593 SF)
* Entitlements: Shovel-ready approvals
* Utilities: Municipal water, sewer & electric access
* Documents: Available
PROPERTY FACTS
| Price | $2,233,472 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Commercial |
| Sale Condition | Bulk/Portfolio Sale | Total Lot Size | 0.28 AC |
| No. Lots | 1 | Cross Streets | 14th Avenue |
| Price | $2,233,472 CAD |
| Sale Type | Investment |
| Sale Condition | Bulk/Portfolio Sale |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.28 AC |
| Cross Streets | 14th Avenue |
1 LOT AVAILABLE
Lot
| Price | $2,233,472 CAD | Lot Size | 0.28 AC |
| Price Per AC | $7,976,685.93 CAD |
| Price | $2,233,472 CAD |
| Price Per AC | $7,976,685.93 CAD |
| Lot Size | 0.28 AC |
This package features five contiguous lots in Newark’s University Heights neighborhood, totaling approximately 0.2891 acres (12,593 square feet).The lots are Shovel ready for a mixed-use development of 27 residential units and 1x5500 SQ FT commercial
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Walk Score®
Very Walkable (83)
Transit Score®
Excellent Transit (70)
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303 Morris Ave
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