Your email has been sent.
1054-1084 McCarter Hwy 2.4 Acres of Commercial Land in Newark, NJ 07102
Investment Highlights
- At the high-visibility intersection of McCarter Highway and Bridge Street with an average daily traffic count of 44,700 vehicles.
- Just 0.3 miles to I-280, 0.7 miles to NJ Transit / PATH at Newark Penn Station, and 5.3 miles to Newark Liberty International Airport.
- Flexible MX-2 (Mixed-Use 2) zoning permits medium-density residential, office, and retail uses.
- Strategic proximity to major logistics hubs including US Highway 1 & 9 (2.7 mi), NJ Turnpike Exit 15W (2.8 mi), and Ports Newark & Elizabeth (5.6 mi).
Executive Summary
Listing Type: Exclusive For Sale
Brokers: Jason M. Crimmins, CCIM, SIOR | Alessandro (Alex) Conte, CCIM, SIOR | Peter J. Murano, Jr., SIOR (The Blau & Berg Company)
Property Facts
| Sale Type | Investment | Proposed Use | Retail |
| No. Lots | 1 | Total Lot Size | 2.40 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Commercial | ||
| Zoning | commercial - land | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Retail |
| Total Lot Size | 2.40 AC |
| Opportunity Zone |
Yes |
| Zoning | commercial - land |
1 Lot Available
Lot
| Lot Size | 2.40 AC |
| Lot Size | 2.40 AC |
Block 4, Lots 4 and 119. Corner Lot at Intersection of McCarter Hwy and Bridge Street 44,700 Average Daily Traffic Count Mixed-Use 2 Zoning (Medium-Density Residential, Office, Retail MX-2)
Description
±2.4-Acre prime commercial redevelopment site situated at the prominent corner intersection of McCarter Highway (Route 21) and Bridge Street in Newark, NJ. Offering exceptional exposure with over 44,700 average daily traffic count, this highly accessible parcel (Block 4, Lots 4 & 119) is zoned MX-2 (Mixed-Use 2), allowing for medium-density residential, office, and retail development. The strategic location provides immediate transit access, situated just 0.3 miles from I-280, 0.7 miles from Newark Penn Station, and 5.3 miles from Newark Liberty International Airport, making it a premier opportunity for developers looking to capitalize on Newark's ongoing urbanization and growth.
Property Taxes
| Parcel Number | 14-00004-0000-00009 | Improvements Assessment | $6,000 |
| Land Assessment | $3,294,000 | Total Assessment | $3,300,000 |
Property Taxes
Presented by
1054-1084 McCarter Hwy
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.