$ 1,800,000
372 SUMMIT AVE Jc Journal Square, NJ 07306
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$ 1,800,000
Est. payment | /mo
2.5 Baths
$ 1,800,000
Est. payment | /mo
2.5 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 240019084
Full Baths 2
Half Baths 1
Annual Tax Amount $11,257
Lot Dimensions 25x100
Property Description
This investment property, featuring a commercial space on the first floor and two apartments above, offers an exceptional development opportunity in the fast-growing Journal Square area. Just 2.5 blocks from the Journal Square Transportation Center, the location provides easy access to local bus services and the PATH train station, offering direct routes into NYC. Situated in the Journal Square Redevelopment Zone, this property presents a variety of possibilities for developers and investors. Its prime location near vibrant restaurants, schools, and businesses enhances its appeal, with potential for several additional floors pending variance approvals. The surrounding area has experienced significant growth in recent years, with multiple rental developments ranging from 29 to 132 units. Don’t miss out on the chance to invest in this prime location, offering tremendous development potential in one of Jersey City's most dynamic neighborhoods.
Location
State NJ
County Hudson
Area Jc Journal Square
Listed by PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY