Commercial space For Sale in Jersey City, NJ
 

MLS# : 240007153

Street : 238-240 14TH ST
Price : $1,699,000
Town : Jersey City, NJ 07310
Annual Taxes : $17,438

PROPERTY DETAILS

PROPERTY DESCRIPTION

Prime real estate opportunity outside the Holland Tunnel in Jersey City! Welcome to a unique and strategically located property that combines commercial potential with maximum visibility – presenting a 50x60 lot size situated just outside the bustling Holland Tunnel in Jersey City. With 100,000+ vehicles passing through it every day, the Holland Tunnel is one of the busiest automotive tunnels in the world! Key Features: Lot Size: 50x60 - Offering a versatile canvas for endless possibilities High Visibility: Positioned for maximum exposure to the continuous stream of car traffic entering and exiting the Holland Tunnel, this property boasts an unparalleled advertising advantage. Commercial Assets: The property is currently home to a billboard and a diner, creating an immediate revenue stream and opportunities for further development. Strategic Location: Enjoy easy access to all major transportation routes, making it convenient for both customers and commuters. The Holland Tunnel provides a direct link to Manhattan, ensuring a steady flow of traffic throughout the day. Investment Highlights: Billboard Revenue: Leverage the existing billboard to generate steady advertising income, capitalizing on the high traffic volume passing through the area. Diner Potential: With a diner already on-site, there's an opportunity to cater to the needs of commuters, locals, and tourists alike. Explore options for renovation, rebranding, or potential collaboration with popular food chains. Transportation Access: Holland Tunnel: Direct access to Manhattan, facilitating seamless commuting for a diverse audience. Proximity to Major Highways: The property's location ensures easy connections to major highways, optimizing accessibility for a wide range of visitors. Development Opportunities: Expand or Reimagine: With the generous lot size, there's room for expansion or reimagining the property to meet the demands of the growing Jersey City market. Adaptive Reuse: Explore adaptive reuse possibilities for the existing structures to enhance their functionality and appeal. This is a rare chance to acquire a property that not only provides immediate income but also holds tremendous potential for future growth.

Amenities

This listing is a courtesy of DEL FORNO REAL ESTATE LLC
201-432-7000 office, listing agent VITO DELFORNO

About Jersey City, NJ Real Estate Market

With an area of 21.13 square miles and a population of more than 290,000, Jersey City is one of the largest cities in the USA and the second-most populous city in New Jersey after Newark. A part of Hudson County from New Jersey and the New York metropolitan area, Jersey City is present on the west of Hackensack River, on a peninsula known as Bergen Neck.

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
PRICE INDEX
SINGLE FAMILY HOME SALES

Jersey City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX
 

Download Full Home Sales Report

PRICE INDEX

Average Price* (12mo):  $627,653
Apatments Sold* (12mo):  962
PRICE INDEX
APARTMENT SALES

Jersey City, NJ
12 Month Moving Average


1 YR 2 YR 3 YR 5 YR 7 YR MAX

 

Download Full Apartment Sales Report

REAL ESTATE TAXES

General Tax Rate (2021):  1.603%
Effective Tax Rate (2021):  1.402%
GENRAL TAX RATE - Jersey City, NJ



MADISON ADAMSTM

office: 201-760-1100
84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)

Contact Info

FOR APPOINTMENTS CONTACT


Sales Associate
201-725-1170 (cell)

Madisom Adams Sales Associate Juan Carlos Guevara


Sales Associate
201-982-0358 (cell)

Madisom Adams Sales Associate Yuriy Zatuchny


Sales Associate
610-844-6866 (cell)

Madisom Adams Sales Associate Maria Cisneros Martinez


Real estate inventory
Jersey City
Homes : $349,000 - 5,250,000 62 avail
Condos : $169,900 - 4,148,000 360 avail
Co-ops : $499,000 - 499,000 1 avail
Twnhs : $399,000 - 1,699,000 14 avail
2-4 Fam : $380,000 - 3,995,000 117 avail
5+ Fam : $1,100,000 - 2,999,999 5 avail
Land : $200,000 - 6,000,000 17 avail
Rentals : $1,850 - 5,900 41 avail
Mixd Use : $1,100,000 - 3,500,000 8 avail
Com S : -
Com L : -
Biz : $65,000 - 1,250,000 10 avail


Similar Listings in Jersey City

The data relating to the real estate for sale on this web site comes in part from the Internet Data Exchange Program of the NJMLS. Real estate listings held by brokerage firms other than Madison Adams 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. Listings of brokers that do not participate in Internet Data Exchange do not appear on this website.
NJMLS is the owner of the copyrights of the listing content displayed for IDX. The NJMLS Internet Data Exchange Logo is a service mark owned by the NJMLS, Inc. All information deemed reliable but not guaranteed. Last date updated: 04/30/2024 00:05 AM Source: New Jersey Multiple Listing Service, Inc. “©2024 New Jersey Multiple Listing Service, Inc. All rights reserved.”


General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.

Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.

Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury

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Madison AdamsTM

84 E Ridgewood Ave, Suite 201
Ridgewood, NJ 07450
201 760-1100 (office)
201 760-1102 (fax)
office@madisonadams.com