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 a shovel ready multifamily + retail project in a high-growth, transit-oriented neighborhood.
Active
$1,600,000
295-303 Morris Ave, Newark City, NJ 07103
--beds
--baths
0.28Acres
Unimproved Land
Built in ----
0.28 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 310 days
- 51
- 1
Zillow last checked:
Listing updated:
Listed by:
Daniel F. Santos 908-538-3133,
Signature Realty Nj
Source: GSMLS,MLS#: 3996165
Facts & features
Property
Lot
- Size: 0.28 Acres
- Dimensions: 123 x 100
- Features: Level, Mowed Grass
Details
- Parcel number: 1614002460000000100000
- Zoning description: Planned Unit Development, Residential Multi-Family, See Remarks
Utilities & green energy
- Sewer: Public Sewer in Street
- Water: Public Water in Street
- Utilities for property: Electricity Connected, Natural Gas Connected, Cable Available, Fiber Optic Available, Garbage Included
Community & HOA
Community
- Subdivision: Block 246 Lots 5 & 7-10
Location
- Region: Newark
Financial & listing details
- Tax assessed value: $30,000
- Annual tax amount: $1,140
- Date on market: 11/4/2025
- Road surface type: Blacktop/Asphalt Road
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 11/4/2025 | Listed for sale | $1,600,000 |
Source:  GSMLS #3996165 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: Springfield-Belmont
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