Listing Courtesy of: (201) 364-5828 - Akash Sharma - Weichert Realtors, Fort Lee 201-592-1400
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420 Central Avenue Jersey City, NJ 07307

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Last updated on 11/7/2024 1:28 PM
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 12,50...0 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. Continue reading
MLS#
24023741
Property Type
Other

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Listing Courtesy of: (201) 364-5828 - Akash Sharma - Weichert Realtors, Fort Lee 201-592-1400
Andrea Conner, License 1758875, Xome Inc., License 2326449, [email protected], 844-400-XOME (9663), 750 Highway 121 Bypass, Ste 100, Lewisville, TX 75067The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of NJMLS. Real estate listings held by brokerage firms other than the owner of this site are marked with the Internet Data Exchange logo and information about them includes the name of the listing brokers. Some properties listed with the participating brokers do not appear on this website at the request of the seller. Some properties listing with the participating brokers do not appear on this website at the request of the seller. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.

All information deemed reliable but not guaranteed. Last date Updated: 11/7/2024
Source: New Jersey Multiple Listing Service, INC.

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This content last refreshed on 11/7/2024 1:28 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.
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