597-605 McCarter Highway, Newark, NJ 07102 presents a rare development opportunity on approximately 0.53 acres (±22,686 SF) situated within Newark's designated Redevelopment Plan Area and Qualified Opportunity Zone. The site offers exceptional development potential for mid-rise multifamily, mixed-use, or transit-oriented projects, benefiting from redevelopment zoning incentives including increased density allowances, potential PILOT programs, and streamlined entitlement processes. Ideally positioned just a 15-minute walk from Newark Penn Station, with a 20-minute train ride to Midtown Manhattan, the property sits at the heart of one of the most active urban redevelopment corridors in the New York metro area, surrounded by hundreds of millions of dollars in recently completed and planned investment.
License #: 01469842 (NJ)
(201) 218-9156david.ferber@matthews.com