119-123 Vanderpool St, Newark, NJ 07114

Property Description

Prime Development Opportunity! Exceptional 75 x 100 vacant lot located in an R-3 zoning district with potential to subdivide into three 25 x 100 lots (subject to municipal approvals). Zoning allows for up to 4-family homes or townhouses, offering strong value for investors and developers. One additional adjacent property is also available, creating the opportunity to assemble two side-by-side 75 x 100 lots, each with potential to subdivide into three lots, for a combined 150 x 100 parcel with significant development potential. Ideally located at the entrance to Route 21 Bridge with easy access to Newark Liberty International Airport, Routes 1 & 9, and just blocks from Newark's Business District, Ironbound Section, and Newark Penn Station. Storage shed will be removed prior to closing and property will be delivered vacant.