Welcome to 786–794 S 20th Street – a colossal redevelopment canvas in the heart of Newark. This exceptional 0.41-acre development site (owned by one family for 40 plus years) spans across an entire city block and is now zoned for up to an 8-story mixed-use masterpiece, with the potential to deliver 141,816+ sq. ft. of space comprising 85–125 modern residential units (spacious 800–1,100 sq. ft. layouts) atop ground-floor commercial venues. This rezoning has unlocked significant tax credit eligibility, with a stacked, transferable tax incentive range of $63.8M to $90M in state tax credits, fueling the project’s economics. The financial upside here is unparalleled – effectively turbocharging returns with minimal investor risk.
This is a transformative development opportunity where you can shape the skyline and your portfolio’s future in one stroke. The clock is ticking – opportunities to own and develop at this scale in one of America’s fastest-growing markets are exceedingly rare, and knowledgeable, savvy investors will act before it’s gone.