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Investment Highlights

  • Located along a prominent corridor in Newark’s North Ward surrounded by a mix of residential and neighborhood retail uses.
  • Nearby amenities and commercial activity create a vibrant urban environment with steady demand.
  • The area offers strong connectivity with easy access to major roadways and public transportation options.
  • Currently utilized as a parking lot, the site offers flexibility for future development or repositioning.

Executive Summary

This land offering is located along a prominent corridor in Newark’s North Ward, surrounded by a dense mix of residential neighborhoods, local retail, and community services. The area benefits from strong connectivity to major roadways and convenient access to public transportation, supporting steady foot traffic and commuter activity. Nearby commercial nodes and neighborhood amenities create a vibrant urban setting with ongoing demand for new development. The current use as a parking lot provides flexibility for future repositioning, making it well-suited for a variety of prospective uses in a growing and well-established section of the city.

Property Facts

Price $3,600,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Commercial
  • Parking Lot
Total Lot Size 0.37 AC
Zoning MX-2 - Commercial

1 Lot Available

Lot

Price $3,600,000
Price Per AC $9,729,729.73
Lot Size 0.37 AC

2 large parcels together side by side. MX-2 Zoning Buyer's to do their own due diligence. 316-318 is a .12 acre piece with a concrete building on it, 310-314 is a .25 acre piece being used as a parking lot currently.

Exceptionally walkable
90/100
Exceptionally drivable
90/100
Exceptional public transit
100/100
Fairly bikeable
40/100
  • Listing ID: 40726530

  • Date on Market: 5/30/2026

  • Last Updated:

  • Address: 310-318 310-318 Mayor Kenneth A. Gibson blvd, Newark, NJ 07104

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