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420 Central Ave JC Heights, NJ 07307
$1,699,999
  • Commercial
  • Misc
  • ML# 240014346

Property Details

Overview

CALLING ALL INVESTORS: Rare opportunity to acquire a unique mixed-use development site in one of Jersey City's 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.

Key Facts

  • Type Sale: For Sale

Additional Features

  • Stories: 2
  1. Presented by

    Liberty Realty
    • Liberty Realty
    • Broker Associate
    • 201-222-2900
    • 201-610-1010

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Listing Information provided courtesy of WEICHERT REALTORS. Call at 201-592-1400