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41-51 Morrell St 0.3 Acres of Residential Land Offered at $950,000 in Elizabeth, NJ 07201
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 | Property Subtype | Residential |
| Sale Type | Investment or Owner User | Proposed Use | Apartment Units |
| No. Lots | 1 | Total Lot Size | 0.30 AC |
| Property Type | Land | 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. | ||
| 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 | Lot Size | 0.30 AC |
| Price Per AC | $3,166,666.67 |
| 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 .
1 1
Exceptionally walkable
90/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $20,000 | |
| Land Assessment | $901,500 | Total Assessment | $921,500 |
Property Taxes
Parcel Numbers
Land Assessment
$901,500
Improvements Assessment
$20,000
Total Assessment
$921,500
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41-51 Morrell St
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