For Sale
$600,000
48 Elm RdNewark, NJ 07105
Prime Newark location, redevelopment opportunity
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 116
Highlights
- Exceptional opportunity to develop a high-end multi-family residential project with resort-style amenities, targeting business and international travelers.
- Elevator adds significant market appeal, enhancing convenience and accessibility for a wider range of renters, including ADA-compliant needs.
- Strong demand in the Ironbound neighborhood due to its cultural attractions, dining options, and proximity to NYC.
- Prime investment opportunity with significant upside potential for strong cash flow and long-term appreciation in a still-affordable market.
Property Details for 48 Elm Rd
- Property type
- Office properties, Land
- Square Feet
- 6,448 SF
- Stories
- 3
- Lot Size (sq. ft)
- 3,180 SF
- Units
- 3
Location Insight
- City
- Newark
- County
- Essex
- State
- New Jersey
- Latitude
- 40.7220699
- Longitude
- -74.156698
48 Elm Rd, Newark, New Jersey
Nearby Similar for Sale
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