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420 Central Ave

Jersey City, Heights, NJ 07307
  • $1,699,999
  • STATUS: Active
  • ON SITE: 135 Days
  • ID#: 240014346
UPDATED: 25 min ago
$1,699,999
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
County:

School Ratings & Info

Description

CALLING ALL INVESTORS: Rare opportunity to acquire a unique mixed-use development site in one of Jersey Citys prime retail and residential areas. This 25 x 127-foot lot, currently housing a convenience store with an apartment above, can be developed as of right into a 5-story project totaling 12,500 gross buildable square feet. There is existing income from these tenants to cover holding costs during planning, making this property ideal for investment. Comparable condo projects in the area command prices of approximately $600 per square foot, suggesting a potential sellout value of around $5.6 million. Moreover, the lot size exceeds the typical 25x100 dimensions found in Jersey City, offering a standout opportunity for retail or residential development. Please note seller's agent is related to seller.

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© 2024 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2024-12-06T11:26:27.273.
www.daunnorealty.com/homes/152899014
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420 Central Ave Jersey City, Heights, NJ 07307

  • Price: $1,699,999
  • Status: Active
  • On Site: 135 Days
  • Updated: 25 min ago
  • ID#: 240014346
0
Beds
0
Baths
0
½ Baths
N/A
Acres
Neighborhood:
Jersey City, Heights
County:
Hudson
Area:
Jersey City, Heights
Property Description
CALLING ALL INVESTORS: Rare opportunity to acquire a unique mixed-use development site in one of Jersey Citys prime retail and residential areas. This 25 x 127-foot lot, currently housing a convenience store with an apartment above, can be developed as of right into a 5-story project totaling 12,500 gross buildable square feet. There is existing income from these tenants to cover holding costs during planning, making this property ideal for investment. Comparable condo projects in the area command prices of approximately $600 per square foot, suggesting a potential sellout value of around $5.6 million. Moreover, the lot size exceeds the typical 25x100 dimensions found in Jersey City, offering a standout opportunity for retail or residential development. Please note seller's agent is related to seller.
Exterior Features

Stories 2

Property Features

Commercial Type Investment Internet Yes Lead Paint Form Yes Mixed Use Yes

Listing provided courtesy of WEICHERT REALTORS:201-592-1400.


© 2024 Hudson County Multiple Listing Service. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Daunno Realty Services, LLC. The data relating to real estate for sale or lease on this web site comes in part from HCMLS. Real estate listings held by brokerage firms other than Daunno Realty Services, LLC are marked with the HCMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated: 2024-12-06T11:26:27.273.
 
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Daunno Realty Services, LLC
206 Westfield Avenue
Clark NJ, 07066