Commercial space For Sale in Jersey City, NJ
MLS# : 260001337
PROPERTY DETAILS
PROPERTY DESCRIPTION
PRIME INVESTMENT OPPORTUNITY IN SOUGHT-AFTER JERSEY CITY HEIGHTS! Presenting a rare chance to acquire a fully occupied, mixed-use six-unit building in a highly central and rapidly developing area of Jersey City. This exceptional property is perfectly positioned for maximum visibility and enduring value. Property Highlights: Mixed-Use Asset: The building comprises four (4) residential units and two (2) commercial storefronts, offering diversified and stable income streams. Prime Location: Situated in the heart of Jersey City Heights, just steps from Christ Hospital, the property benefits from significant foot and vehicle traffic. Transit Hub: A commuter’s dream! The property is directly on a major bus line with a bus stop right in front, and the PATH train system is within walking distance, providing quick and easy access to Manhattan and surrounding areas. Strong Commercial Tenancy: One storefront is currently a leased pharmacy, a stable tenant that drives consistent traffic to the location. Growth Potential: Located just 1/2 mile from the vibrant Downtown Jersey City area, this neighborhood is experiencing significant growth and appreciation. This is a true prime real estate opportunity with immense income potential. Don’t miss your chance to own a piece of one of the hottest real estate markets in New Jersey. Ideal for investors seeking a high-performing asset in a transit-oriented location. Schedule your showing today!
Amenities
This listing is a courtesy of COLDWELL BANKER REALTY
201-963-1400 office, listing agent FRANKIE FUENTES
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): | $743,066 |
| Homes Sold* (12mo): | 184 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $681,468 |
| Apatments Sold* (12mo): | 1,096 |
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 : | $359,000 - 1,974,999 | 37 |
| Condos : | $165,000 - 6,499,000 | 422 |
| Co-ops : | $375,000 - 569,500 | 2 |
| Twnhs : | $439,900 - 2,300,000 | 9 |
| 2-4 Fam : | $530,000 - 2,150,000 | 94 |
| 5+ Fam : | $1,400,000 - 1,550,000 | 4 |
| Land : | $599,000 - 4,500,000 | 21 |
| Rentals : | $1,690 - 6,000 | 41 |
| Mixd Use : | $1,400,000 - 1,899,000 | 6 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $65,000 - 900,000 | 13 |
