$600,000

Rare opportunity to acquire 16.36± acres in the Village of Newark with concept approval for a proposed 150-170 unit multifamily residential development. Preliminary plans and renderings prepared by BME Associates showcase the vision for a new apartment community designed to complement the surrounding residential area. The seller has been actively working with the Village of Newark; however, final approvals have not yet been secured. Ideally situated near schools, shopping, and community amenities, this property offers significant development potential in a desirable and established location. Rare opportunity to acquire 16.36± acres in the Village of Newark with concept approval for a proposed 150-170 unit multifamily residential development. Preliminary plans and renderings prepared by BME Associates showcase the vision for a new apartment community designed to complement the surrounding residential area. The seller has been actively working with the Village of Newark; however, final approvals have not yet been secured. Ideally situated near schools, shopping, and community amenities, this property offers significant development potential in a desirable and established location.