15 Union StNewark, NJ 07105

Property Details for 15 Union St

Lot size

0.09 AC

Property type

Commercial real estate

APN

14 00178-0000-00024

APU

1400178000000024

Description

This exceptional 17-million-dollar commercial land opportunity is located at 15 Union Street in Newark, New Jersey, within Essex County (zip code 07105). The property is zoned Mx-3, allowing for high-density development. Its strategic location offers unparalleled access to key transportation hubs. The site is just one block from the Penn Station Newark, providing convenient access to commuter rail lines. Furthermore, its proximity to Newark Liberty International Airport and the Port of Newark ensures seamless connectivity for both domestic and international commerce. The site previously received preliminary approval for a hotel development, presenting a strong foundation for future projects. This prime location and zoning make this a highly attractive investment for developers seeking a high-impact project in a thriving urban center. The property's coordinates are 40.73279507764506 latitude and -74.16263043289999 longitude. This presents a rare chance to acquire a significant parcel of land in a rapidly developing area with excellent infrastructure and transportation links. The land itself is classified as commercial.

• Alternative Use

  Use

  Valuation

  Residential

  $760,930

  Hospitality

  $697,008

  Educational

  $579,903

  Medical

  $599,846

  Retail

  $902,071

Location Insight

City

Newark

County

Essex

State

New Jersey

Latitude

40.733

Longitude

-74.1628

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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