Commercial space For Sale in Jersey City, NJ
MLS# : 250024047
PROPERTY DETAILS
PROPERTY DESCRIPTION
Prime shovel-ready development opportunity in the heart of Jersey City’s Jackson Hill Redevelopment Zone. Fully approved 5-story project featuring 18 residential units + 1 ground-floor commercial space, offered at $1,170,000. Architectural plans and city approvals are complete, saving the next developer years of time and cost. The approved design includes a mix of spacious 1-bed and 2-bed layouts, private outdoor patios, open courtyards, bike storage, and modern building systems with NFPA-13R sprinklers. Excellent frontage along MLK Drive with strong visibility for the commercial component. No variances required, all city engineering comments addressed, and the site is ready for immediate construction. Perfect for a builder or investor seeking a turnkey urban infill project in a rapidly developing corridor.
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 (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
| Compare To Other Towns |
Jersey City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $735,306 |
| Homes Sold* (12mo): | 212 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $676,831 |
| Apatments Sold* (12mo): | 1,121 |
APARTMENT SALES
Jersey City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
Search
MLS#
MLS#
MLS#
MLS#
MLS#
MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $379,900 - 2,895,000 | 69 |
| Condos : | $140,000 - 6,499,000 | 488 |
| Co-ops : | $360,000 - 699,999 | 5 |
| Twnhs : | $369,000 - 1,775,000 | 13 |
| 2-4 Fam : | $499,000 - 2,395,000 | 127 |
| 5+ Fam : | $1,400,000 - 1,650,000 | 2 |
| Land : | $275,000 - 7,900,000 | 21 |
| Rentals : | $1,650 - 6,200 | 49 |
| Mixd Use : | $1,400,000 - 1,899,000 | 5 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $35,000 - 900,000 | 11 |
