277 Orange Street

Presenting a unique investment opportunity in the heart of Newark's rapidly evolving University Heights neighborhood. Currently utilized as a paved parking lot, this 19' x 108'parcel offers a deep footprint for creative urban development. While the lot is considered undersized by traditional standards, it stands to benefit significantly from Newark's recent "Streamline Small Development" administrative changes. Although the 19-foot width naturally prohibits afront-facing driveway under current city codes, the path to development is clear through minor variances. Small variances are well-supported by the city's current push for "Transit-Oriented Development." The location is a commuter's dream and a magnet for the city's professional and academic population. Situated just 5 blocks from the Orange Street Light Rail Station, enjoy a seamless five-minute connection to Newark Penn Station, offering access to PATH trains, NJ Transit, and Amtrak for easy commutes to Jersey City and NYC. The property is also perfectly positioned to capture the robust rental demand from the neighboring University District, home to NJIT, Rutgers-Newark, and Essex County College. Located just 2 blocks from the iconic Branch Brook Park. This proximity to premium green space, combined with the administrative ease of the new "Streamline" rules, makes this property an ideal acquisition for a savvy developer looking to capitalize on Newark's urban renaissance.