Property Details


Listing ID: 170003362
Price: $3,600,000
Address: 345 CENTRAL AVE
City: JC, Heights
State: New Jersey
Postal Code: 07307
County: Hudson
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

Primary Features

Block: 02802
County: Hudson
Number of Stories: 4
Property Type: Commercial Investment
Sale/Rent: For Sale

Additional

DOM: 85
Mixed Use: yes

Interior Features

Number of Studios: 2
Number of Units: 25
Total Number of 1BR: 21
Total Number of 2BR: 2

Location Information

Between: Bowers and Lincoln

External Features

Number of Parking Spaces: 2

Financial Details

Taxes: 29928

Zoning Info


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Listing courtesy of BOYNE REALTY (201)-451-0950.
Data services provided by IDX Broker