Commercial space For Sale in Jersey City, NJ
MLS# : 250017834
PROPERTY DETAILS
PROPERTY DESCRIPTION
Prime New Construction Retail Opportunity in Jersey City Heights Welcome to 391 Palisade Avenue, a brand-new retail offering located in the heart of the thriving Jersey City Heights community. This commercial space presents an exceptional opportunity for retailers, food operators, medical professionals, and service-based businesses seeking to establish or expand their presence in one of Jersey City’s fastest-growing neighborhoods. The property features approximately 1,970 square feet of usable space (including basement), providing a versatile layout that can accommodate a wide variety of commercial uses. With its modern construction, generous frontage, and clean, open design, this space is a blank canvas ready to be tailored to your business needs. Strategically positioned along high-visibility Palisade Avenue, the property benefits from steady pedestrian activity, strong vehicle traffic, and a loyal residential customer base from the surrounding blocks. The Heights is known for its vibrant mix of dining, retail, and cultural destinations, and continues to attract new residents through ongoing residential and mixed-use developments.
Amenities
This listing is a courtesy of PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY
201-333-7717 office, listing agent AMAR MODY
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): | $736,588 |
| Homes Sold* (12mo): | 219 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $679,503 |
| Apatments Sold* (12mo): | 1,098 |
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 : | $349,900 - 3,495,000 | 67 |
| Condos : | $189,000 - 4,048,000 | 494 |
| Co-ops : | $418,000 - 529,500 | 2 |
| Twnhs : | $369,000 - 2,099,000 | 16 |
| 2-4 Fam : | $400,000 - 3,600,000 | 127 |
| 5+ Fam : | $1,650,000 - 1,650,000 | 1 |
| Land : | $85,000 - 7,900,000 | 21 |
| Rentals : | $1,725 - 5,200 | 35 |
| Mixd Use : | $949,000 - 1,650,000 | 4 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $35,000 - 450,000 | 7 |
