722 S 14th St, Newark City, NJ

About 722 S 14th St

Unique investment and redevelopment opportunity! This offering includes 722-724 S. 14th Street and an adjacent fenced vacant lot currently utilized as a gated parking area accommodating approximately six vehicles.Situated on a corner lot, the main structure was originally configured as a side-by-side duplex and retains many of its original features, including two staircases, two kitchens, two living rooms, and separate basement areas. The the first and second-floor dividing wall between the units has been removed, allowing you to flow from one side of the house to the other while preserving much of the original layout. The property offers 4 bedrooms, 1 full bathroom, and 1 half bathroom. One kitchen features a functioning original wood-burning stove that has been converted to gas. The home has a flat roof and no attic.Included in the sale is an adjacent lot, 60 Pierce St Newark, NJ 07103, a legal lot of record currently used for secured off-street parking.The lot is located within the C-1 zoning district. Any future development or construction would require appropriate approvals and/or variances.Bring your vision and creativity to this property. This is an excellent opportunity for investors, developers, contractors, or owner-occupants seeking to add value through improvements. With a corner location, an additional fenced lot, off-street parking potential, and significant upside, this property offers a rare opportunity in Newark's evolving market.

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