REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 399,000
Est. payment | /mo
4,791 Sqft Lot
$ 399,000
Est. payment | /mo
4,791 Sqft Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 4025869
HOA Y/N No
Annual Tax Amount $1,183
Tax Year 2025
Lot Size 4,791 Sqft
Property Description
PRIME OPPORTUNITY IN ONE OF NEWARK'S FASTEST-GROWING, IMPRESSIVE, SIGNIFICANT NEIGHBORHOODS, SURROUNDED BY AN ONGOING RESIDENTIAL SINGLE AND MULTI-FAMILY CONSTRUCTION DEVELOPMENT WITH RISING PROPERTY VALUES. THIS RESIDENTIAL BUILDING LOT WILL BE DELIVERED COMPLETELY READY TO BE CLEARED, WITH FLOW TEST TO BE COMPLETE, AND PROPOSED ARCHITECTURAL MULTI-FAMILY PLAN, [WHICH IS CURRENTLY BEING DESIGNED] FEATURES A PROPOSED IMPRESSIVE LAYOUT WITH 9 BEDROOMS, 6 FULL BATHROOMS, AND 3 SINGLE PARKING GARAGES! INTENTIONALLY DESIGNED FOR STRONG RENTAL INCOME AND LONG-TERM PROPERTY VALUE! BEST OF ALL, IMAGINE THE POSSIBILITIES THAT THIS EXPANSIVE VAST 4,725 SQUARE FEET RESIDENTIAL BUILDING LOT, WHICH IS NESTED IN A SERENE LOCATION, 558 - 562 SOUTH 11TH STREET, BOASTS A BEAUTIFUL PASTORAL VIEWS! THIS MAGNIFICENT LOCATION OFFERS UNIQUE OPPORTUNITIES TO CREATE AN EXQUISITE TRIPLEX RESIDENTIAL STRUCTURE WHICH INCLUDES PUBLIC WATER, NATURAL GAS, AND SEWER!. ALL AVAILABLE AT THIS BUILDING SITE! THE POTENTIALS HERE ARE VAST! MOST SIGNIFICANTLY, COMPARABLE 3-FAMILY RESIDENTIAL STRUCTURES IN THE AREA ACHIEVING ARV:S, [AFTER REPAIR VALUE], BETWEEN $1,000,000 AND $1,100,000. THIS IS A COMPELLING FINANCIAL OPPORTUNITY FOR INVESTORS AND GENERAL CONTRACTORS ALIKE!
Location
State NJ
County Essex
Zoning MULT-IFAMILY
Interior
Inclusions No Building
Building
Lot Description Level Lot, Open Lot, Possible Subdivision, Wooded Lot
Sewer Public Sewer in Street, Sewer - Separate Tax
Water Public Water on Property
Schools
Elementary Schools 13Th Ave
Middle Schools 14Th Ave
High Schools Central
Others
Senior Community No
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by EXIT PLATINUM REALTY
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