Entitled Residential Development Project 18-26 New York Ave Lot | Terrain commercial | 0,19 ha | À vendre | Newark, NJ 07105

Exceptional opportunity to acquire a fully entitled and approved development site in a prime Newark location.
This "shovel-ready" project allows for immediate commencement of construction within a couple of months, eliminating lengthy approval processes. Imagine bypassing years of complex city approvals and headaches — we have handled all the heavy lifting. All architectural, civil, and essential city documents are complete and ready for immediate action. What's more, this project comes with a significant advantage: it's exempt from the 20% low-income housing requirement, offering greater flexibility for the new owner’s development vision.
The approved plans consist of a 70-unit apartment building with 75 integrated parking spaces. All architectural designs and required city documents are complete and readily available, ensuring a seamless transition to development.
Strategic Location Advantages: Transit-Centric: Situated just 0.5 miles from Newark Penn Station, offering unparalleled access to NYC and major NJ transit lines—a significant draw for future residents.
Superior Accessibility: Only 1.3 miles to I-280, providing excellent connectivity for commuters.
International Gateway: A mere 3 miles from Newark Liberty International Airport (EWR), enhancing the property's appeal for professionals and frequent travelers.
This offering presents a rare chance to capitalize on Newark's ongoing revitalization and strong demand for modern residential properties. Invest in a pre-approved, high-potential asset in a rapidly appreciating urban market. Act now to secure this turn-key development opportunity.
Call 609.727.8888 for more details!