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41-51 Morrell St 0.3 Acres of Residential Land Offered at $950,000 in Elizabeth, NJ 07201

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Executive Summary

1-45 Vacant Land about 13,200 Sq. Ft plot of level land located at the Corner of East Jersey St and Morrell Street near the Center of Elizabeth and very Close to Newark Airport for building a multi-family dwelling with a plan for building 4 stories with parking below grade done by an architectural engineer, please note that plans and drawings have not been approved. Land is zoned Residential . Great Location for builders or investors looking to own a piece of the Elizabeth development project.

Property Facts Under Contract

Price $950,000
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use Apartment Units
Total Lot Size 0.30 AC
Opportunity Zone Yes
Zoning Residential - 1-45 Vacant Land about 13,200 Sq. Ft plot of level land located at the Corner of East Jersey St and Morrell Street near the Center of Elizabeth.

1 Lot Available

Lot 9.01-9.06

Price $950,000
Price Per AC $3,166,666.67
Lot Size 0.30 AC

1-45 Vacant Land about 13,200 Sq. Ft plot of level land located at the Corner of East Jersey St and Morrell Street near the Center of Elizabeth and very Close to Newark Airport for building a multi-family dwelling with a plan for building 4 stories .

Walk Score®
Walker's Paradise (95)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 04-00009-0000-00973
  • 04-00009-0000-00975
  • 04-00009-0000-00978
  • 04-00009-0000-00977
  • 04-00009-0000-00974
  • 04-00009-0000-00976
Land Assessment
$901,500
Improvements Assessment
$20,000
Total Assessment
$921,500
  • Listing ID: 36131233

  • Date on Market: 6/5/2025

  • Last Updated:

  • Address: 41-51 Morrell St, Elizabeth, NJ 07201

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