36 Columbia Ave | Newark, NJ 07102
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- LoopNet Team
36 Columbia Ave
Newark, NJ 07102
Prime Downtown Newark Site- Opportunity Zone · Land For Sale
·
0.77 AC
Investment Highlights
- Opportunity Zone Investment
- Excellent location in the Heart of Downtown Newark
- Possible Joint Venture opportunity
- Transit Oriented Development- next to the PATH and Amtrak
- High Rise Development- Transformative development
Property Facts
| Property Type | Land | Total Lot Size | 0.77 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Mixed Use | ||
| Zoning | Downtown Core Plan | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Mixed Use |
| Total Lot Size | 0.77 AC |
| No. Stories | 1 |
| Zoning | Downtown Core Plan |
Description
The property located at 36-42 Columbia St is currently a 1 story warehouse on a 33,572 sf lot. It is part of the Downtown Core Redevelopment Plan. The plan allows for a building of 30 stories with 24 stories of residential space. The plan allows for a mixed use building with commercial space and over 400 apartments. This is also 100% located in an Opportunity Zone, which allows for a massive tax benefit
Property Taxes
| Parcel Number | 14-00867-0000-00023 | Improvements Assessment | $315,100 |
| Land Assessment | $934,900 | Total Assessment | $1,250,000 |
Property Taxes
Parcel Number
14-00867-0000-00023
Land Assessment
$934,900
Improvements Assessment
$315,100
Total Assessment
$1,250,000
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