Listing ID170003362
Listing Price$3,600,000
CountyHudson
Property TypeCommercial Investment
Commercial Investment
Great development opportunity in the highly sought-after Heights section of Jersey City. This two-story, 10,750± square foot mixed use building with approximately 7000sq ft of reatail and stable tenants has approvals in-place for 25 residential units and 2 parking spaces. This is a rare opportunity for a grocery store chain or other large retailer to grab the largest street level space currently available on Central Ave. This property is situated centrally in one of JC's hottest areas markets, quickly becoming a popular alternative to Manhattan, Brooklyn, and Downtown JC. This redevelopment takes advantage of the growing multifamily demand in this hot, low vacancy market, with great rents and new construction condo returns. The moderate construction costs associated with this project will appeal to many types of investors, whether it be a first time or seasoned developer looking to break into The Heights market or a local owner looking to add to their portfolio, with an in-place income stream from the existing retail tenants. - Excellent commute to NYC with Direct buses or quick access to the 9th Street and 2nd Street Lightrail Stops. - Excellent view of New York City skyline from upper levels - Close to all the burgeoning Heights Area has to offer including the Palisade Arts District, New Retail, Coffee Shops, and New Restaurants
© 2017 Hudson County Multiple Listing Service (HCMLS). The data relating to real estate for sale or rent on this web site comes in part from the IDX program of the HCMLS. Real estate listings held by brokerage firms other than Provident Legacy Real Estate Services are marked with the HCIDX mark and the information about them includes the name of the listing broker. The information provided by this website is for the personal, non-commercial use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting.

Listing courtesy of BOYNE REALTY .

Contact - Listing ID 170003362

Issa Musharbash

177 Broadway
Bayonne, NJ 07002
Phone: 201-809-9925
Phone Alt: 201-401-6567
Fax: 201-645-9991

Data services provided by IDX Broker

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