Active
420 CENTRAL AVE
JC, Heights NJ, 07307
$1,699,999
Active
Commercial
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.
240014346
MLSⓇ ID
July 23, 2024
Listed
October 1, 2024
Updated
Map
420 CENTRAL AVE
JC, Heights NJ, 07307
Other Property Details
Area Name
JC, Heights
Days on Market
49
Garage
No
View
No
County
Hudson
Pool
No
Courtesy of WEICHERT REALTORS with AKASH SHARMA,
Listing Contact: 201-592-1400
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Data last updated on 10/1/2024 at 8:53 PM UTC