573 Central AveNewark, NJ 07107
- Land
- 0.29 AC
Property Details for 573 Central Ave
- Lot size
- 0.29 AC
- Property type
- Land
Description
This exceptional 0.29-acre commercial land parcel presents a unique investment opportunity in Newark, New Jersey. Located at 573-581 Central Avenue, this property boasts a prime corner location with a traffic light, ensuring high visibility and accessibility. The lot is designated Block 1859, Lot 32, and is conveniently situated across from a NJ Transit bus stop (Route 5, servicing East Orange – Newark Penn Station), providing easy access to public transportation. The surrounding area is vibrant, with numerous amenities including restaurants, salons, UPS, Walgreens, and the NJ Motor Vehicle Commission. The property's R1 zoning allows for residential development above commercial space, offering significant potential for mixed-use development. Currently vacant, this site offers a clean slate for a new construction project. The 2022 property taxes were $3,734. This is an exceptional opportunity to acquire a strategically located commercial lot in a thriving area with excellent visibility and access to public transportation. Don't miss this chance to build your vision in a high-demand location.
Location Insight
- City
- Newark
- County
- Essex
- State
- New Jersey
- Latitude
- 40.7498
- Longitude
- -74.1983
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