For Sale
$795,000

20-22 Lock StNewark, NJ 07103

5,200 sq ft residential lot, ideal for student housing.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional 5,200 square foot residential land parcel, located at 20-22 Lock Street in Newark, New Jersey (zip code 07103), presents a compelling development opportunity. Situated within the Broad Street Redevelopment Zone in University Heights, this property offers significant potential. The lot is zoned to allow for the construction of 16 to 20 residential units as of right, making it particularly attractive for developers seeking to capitalize on the high demand for student housing in the area. No approvals are currently in place, providing the buyer with complete control over the project's design and execution. The property's location in Essex County, New Jersey, offers easy access to local amenities and transportation networks. This is a rare chance to acquire a sizable, well-located lot in a thriving urban neighborhood with a clear path to high-density residential development. The asking price for this exceptional development opportunity is $795,000. The property's coordinates are 40.7454313884263 latitude and -74.17941371659006 longitude.

Highlights

  • 5,200 SF residential land parcel at 20-22 Lock Street, Newark, NJ 07103.
  • Located in the Broad Street Redevelopment Zone, University Heights.
  • Zoned for 16-20 residential units as-of-right.
  • $795,000 asking price.
  • No approvals in place; buyer has complete design control.

Property Details for 20-22 Lock St

Property type
Land

Location Insight

City
Newark
County
Essex
State
New Jersey
Latitude
40.745431388426
Longitude
-74.17941371659
20-22 Lock St, Newark, New Jersey

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20-22 Lock St
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