Commercial space For Sale in Jersey City, NJ
MLS# : 240004573
PROPERTY DETAILS
PROPERTY DESCRIPTION
This property offers a unique combination of commercial and residential spaces. The two spacious apartments above the large open store provide comfortable living spaces for residents. Each apartment features three bedrooms, one bathroom, a cozy living room, and a fully equipped kitchen. The well-designed floor plans and generous living areas ensure comfortable and functional living spaces for the occupants. The ground floor of the property is dedicated to a large open Retail store. This commercial space presents an excellent opportunity for various business ventures. Its versatile layout is suitable for a wide range of retail or service-oriented businesses. The lease for the store is set to expire soon, providing flexibility for new ownership to explore different options for the space. The property is located in a vibrant area with high foot traffic and convenient access to amenities. It offers proximity to transportation options, making commuting to New York City, Jersey City, and Bayonne convenient. Additionally, there are plenty of community amenities nearby, such as shopping centers, banks, restaurants, schools, and parks. Whether you're an investor seeking multiple revenue streams, or an owner-occupant looking to live and work in the same building, this mixed-use property offers endless possibilities. It presents a great investment opportunity with the potential for both residential rental income and commercial business income. Don't miss out on the chance to explore the possibilities. Contact us today to schedule a viewing and learn more about this prime location and its great potential.
Amenities
This listing is a courtesy of WEICHERT REALTORS
201-333-4443 office, listing agent NATALIE ESFANDIARI
About Jersey City, NJ Real Estate Market
Jersey City currently serves as a prime hub for distribution and transportation terminus for the Port of New York and New Jersey. Ever since the redevelopment of the Jersey City Waterfront happened, Jersey City became a major hub for banking and finance in the United States of America. All these developments in these years also resulted in the development of Hudson County real estate in the city.
Consisting of most of the parts of Ellis Island, Jersey City also surrounds Liberty City through its waters in the Upper New York Bay. Thanks to its proximity and easy connectivity to Manhattan, Jersey City is also considered the sixth borough of New York City. Jersey City has some of the earliest European settlements in North America, which played a crucial role in the development of various sections of the city.
| Population: | 267,345 |
| Total Housing Units: | 104,018 |
| Single Family Homes: | 36,684 |
| Apartments: | 67,334 |
| General Tax Rate (2021): | 1.603% |
| Effective Tax Rate (2021): | 1.402% |
| Compare To Other Towns |
Jersey City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $638,157 |
| Homes Sold* (12mo): | 202 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $627,653 |
| Apatments Sold* (12mo): | 962 |
APARTMENT SALES
Jersey City, NJ
REAL ESTATE TAXES
| General Tax Rate (2021): | 1.603% |
| Effective Tax Rate (2021): | 1.402% |
Search
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $349,000 - 5,250,000 | 62 avail |
| Condos : | $162,500 - 4,148,000 | 373 avail |
| Co-ops : | $499,000 - 499,000 | 1 avail |
| Twnhs : | $399,000 - 1,699,000 | 17 avail |
| 2-4 Fam : | $380,000 - 3,995,000 | 116 avail |
| 5+ Fam : | $1,100,000 - 2,999,999 | 5 avail |
| Land : | $200,000 - 6,000,000 | 17 avail |
| Rentals : | $1,800 - 5,900 | 42 avail |
| Mixd Use : | $1,100,000 - 3,500,000 | 8 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $65,000 - 1,250,000 | 10 avail |
