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$ 990,000
Est. payment | /mo
1,424 SqFt
$ 990,000
Est. payment | /mo
1,424 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 1,424 sqft
Price per Sqft $695
MLS Listing ID 260000070
Annual Tax Amount $9,108
Lot Dimensions 20 x 120
Property Sub-Type Retail
Property Description
Prime redevelopment opportunity in the heart of the Jersey City Heights business district, located on the same block as the much hyped Central Avenue Redevelopment Zone. The property sits on a 20' x 120' lot and features two side-by-side street-level commercial spaces with rear yard, offering strong redevelopment potential. Surrounded by mid-rise development this site benefits from an established density profile and long-term upside. A NYC bus stop directly in front of the property provides a quick and convenient commute to Manhattan, enhancing both residential and commercial appeal. Also located just under 2 miles to the burgeoning Journal Square Redevelopment Zone which aims to establish the area as a thriving business, residential, cultural, and transit hub. Currently income-producing with month-to-month tenants in place, allowing immediate cash flow with flexibility for redevelopment. A compelling opportunity for developers and investors seeking a well-located asset in one of Jersey City's most active growth corridors. 2 tenants are on a month by month lease. Approximately 1424 square feet combined plus a backyard. Two utility meters
Location
State NJ
County Hudson
Area Jc Heights
Listed by COMPASS NEW JERSEY, LLC