Commercial space For Sale in Jersey City, NJ
MLS# : 250011963
PROPERTY DETAILS
PROPERTY DESCRIPTION
Jersey City is changing rapidly—this is your opportunity to be part of its exciting transformation! Don’t just enter the market—lead the way! This Prime Investment Opportunity in Jersey City is a well-maintained brick commercial corner property with a lot size of 22.5X90. The 1st flr Commercial Space features a spacious area, 2 half baths, and 3 entrances—one on Mallory Ave and two emergency exits on Williams Ave. Upstairs, the 2nd flr Residential Unit boasts 3 bedrooms, 2 full baths, living and dining rooms, eat-in kitchen, plus an additional room that can be used as a home office or for storage—whatever suits your needs! This property is a true premium in Jersey City, as it also includes a rare 3-car enclosed garage, accessible from the first-floor unit and outside for added privacy, along with a full basement featuring dual exits. The location offers exceptional accessibility to New York and surrounding New Jersey towns via public transit, major highways, and the light rail station! Situated in a thriving, redeveloping community just blocks from Lincoln Park, with convenient shopping and nearby restaurants along West Side Ave and Communipaw Ave, it’s an IDEAL ADDITION TO ANY INVESTMENT PORTFOLIO!
Amenities
This listing is a courtesy of LIFESTYLE INTERNATIONAL REALTY LLC
201-559-5770 office, listing agent ERIN DOWNS
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 (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
| Compare To Other Towns |
Jersey City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $715,928 |
| Homes Sold* (12mo): | 228 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $667,015 |
| Apatments Sold* (12mo): | 1,089 |
APARTMENT SALES
Jersey City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $350,000 - 3,495,000 | 51 |
| Condos : | $150,000 - 4,048,000 | 505 |
| Co-ops : | $499,000 - 839,000 | 3 |
| Twnhs : | $369,000 - 2,099,000 | 12 |
| 2-4 Fam : | $475,000 - 3,495,000 | 120 |
| 5+ Fam : | $1,299,999 - 1,650,000 | 2 |
| Land : | $299,000 - 7,500,000 | 21 |
| Rentals : | $1,900 - 16,500 | 52 |
| Mixd Use : | $649,999 - 2,599,000 | 6 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 2,000,000 | 6 |
