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9-25 Alling St - .95 Acres Next to Penn Station

0.95 Acres of Residential Land in Newark, NJ 07102

Investment Highlights

  • .95 Acres
  • +/- 40 stories
  • Directly across the street from Penn Station
  • Downtown Redevelopment Zone - Full entitlements

Executive Summary

Weichert Commercial is very pleased to offer this site steps from Newark's Penn Station for sale. This amazing site will be the nearest development to Penn Station, with the ability to build 40 stories. The site is located in the Downtown Redevelopment Zone, with all the entitlements, including Aspire, Gap Funding, tax credits and a host of other entitlements.

Property Facts

Sale Type Investment Property Subtype Residential
No. Lots 1 Total Lot Size 0.95 AC
Property Type Land Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.95 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Lot Size 0.95 AC
Lot Size 0.95 AC

.95 acres next to Penn Station for a development. Property sits between the newly built 30 storied Iconiq 777 Building and Newark's Penn station. Making it the closest development to the station.

Description

The property is +/- 70,000sft office building on .95 acres of land. The property encompasses an entire block, bordered by McCarter Hwy, Edison, Alling and Market Streets. The Owners will wait for full approvals.

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Walk Score ®
Walker's Paradise (94)
Transit Score ®
Rider's Paradise (98)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number 14-00153-0000-00001 Improvements Assessment £3,069,389
Land Assessment £1,520,307 Total Assessment £4,589,695

PROPERTY TAXES

Parcel Number
14-00153-0000-00001
Land Assessment
£1,520,307
Improvements Assessment
£3,069,389
Total Assessment
£4,589,695

zoning

Zoning Code O
O
(908) 800-1185

Contact

  • Listing ID: 34376113

  • Date on Market: 05/01/2025

  • Last Updated:

  • Address: 9-25 Alling St, Newark, NJ 07102

The Land Property at 9-25 Alling St, Newark, NJ 07102 is currently available for sale. Contact Weichert Commercial Brokerage, Inc. for more information.

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© 2025 CoStar Group

9-25 Alling St - .95 Acres Next to Penn Station
(908) 800-1185 x

9-25 Alling St - .95 Acres Next to Penn Station

Clayton Brown

(908) 800-1185

(908) 800-1185

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