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597 McCarter Hwy - 597-605 McCarter Hwy 0.53 Acres of Commercial Land in Newark, NJ 07102
Investment Highlights
- Prime location within Newark's fast-growing Broad Street corridor.
- Redevelopment zoning allows increased density and height for max unit count.
- Prominent frontage along major commercial artery with high visibility.
- Walkable access to Newark Penn Station and Broad Street Station.
- Access to PILOT programs, tax abatements, and municipal incentives.
- Designated Opportunity Zone and Redevelopment Zone with streamlined process.
Executive Summary
Broker Of Record
Patrick Forde
Matthews Real Estate Investment Services, Inc
122887, 2330333 (NJ)
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666 (866) 889-0550
Patrick Forde
Matthews Real Estate Investment Services, Inc
122887, 2330333 (NJ)
300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666 (866) 889-0550
Property Facts
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Total Lot Size | 0.53 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | Redevelopment Plan Area | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.53 AC |
| Opportunity Zone |
Yes |
| Zoning | Redevelopment Plan Area |
1 Lot Available
Lot
| Lot Size | 0.53 AC |
| Lot Size | 0.53 AC |
Description
Positioned along McCarter Highway in Newark, New Jersey, 597 McCarter Highway presents a compelling redevelopment opportunity within one of the city's fastest-growing corridors. Located in the heart of the Broad Street redevelopment area, the property benefits from excellent connectivity with walkable access to both Newark Penn Station and Broad Street Station, providing convenient regional transit access throughout Northern New Jersey and New York City.
1 1
Moderately walkable
60/100
Moderately drivable
70/100
Exceptional public transit
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 14-00879-0000-00019 | Improvements Assessment | $233,800 |
| Land Assessment | $300,000 | Total Assessment | $533,800 |
Property Taxes
Parcel Number
14-00879-0000-00019
Land Assessment
$300,000
Improvements Assessment
$233,800
Total Assessment
$533,800
Contacts
-
Brendan Cina -
David Ferber -
Kendra Antoine -
Matthews Real Estate Investment Services
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