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Ataullah Barnes

ataullah@rogprodigy.com +1(973) 277-2575

$399,000

Est. payment - /mo

4,791 Sqft Lot

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UPDATED:

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

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Listed by EXIT PLATINUM REALTY

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Ataullah Barnes

+1(973) 277-2575

Broker | License ID: 0454603

Broker License ID: 0454603

558-562 S 11Th St Newark City, NJ 07103

Ataullah Barnes

Key Details

Location

Interior

Building

Schools

Others

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NEARBY SCHOOL & BUSINESS

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558-562 S 11Th St