PROPERTY DESCRIPTION

451 Communipaw Avenue presents a rare opportunity to acquire a true commercial loft asset in one of Jersey City’s most compelling growth corridors. Located within Jersey City’s designated Opportunity Zone and nestled in the emerging Morris Canal neighborhood, the property offers investors the chance to own a distinctive mixed-use commercial building in a market defined by strong redevelopment momentum, improving infrastructure, and increasing demand from creative and service-oriented businesses. Positioned prominently at the entrance to Berry Lane Park, Jersey City’s largest and newest municipal park, the property benefits from exceptional visibility, strong neighborhood identity, and an irreplaceable setting. With direct frontage along Communipaw Avenue, one of the city’s primary east-west arteries, 451 Communipaw Avenue sits in the heart of a rapidly transforming district that continues to attract new residential development, local business growth, and long-term capital investment. As one of the few remaining authentic commercial loft properties in the Morris Canal section, the building offers a character-rich alternative to conventional commercial product. Its loft-style configuration, scale, and presence make it especially attractive to creative office users, boutique retailers, food and beverage operators, showroom tenants, and other entrepreneurial businesses seeking unique space in an increasingly supply-constrained Jersey City market. For investors, the asset offers both stable in-place identity and meaningful future upside, with continued neighborhood evolution expected to drive further appreciation in both rents and asset value. The property is also exceptionally well located from a transportation standpoint. Garfield Avenue Station on the Hudson-Bergen Light Rail is just a short walk away, providing efficient access to Exchange Place PATH and the World Trade Center / Oculus in Lower Manhattan. The same rail line connects to Pavonia/Newport PATH, offering convenient service to Midtown Manhattan. This level of accessibility enhances the property’s appeal to tenants, patrons, and visitors alike, while also connecting the site to the broader regional transportation network, including major highways and the area’s three international airports. 451 Communipaw Avenue consists of two separate buildings. The primary structure contains five commercial loft spaces, in addition to Factory Restaurant and Lounge, which occupies the entire first floor, bringing the total to six commercial units within the main building. The secondary building serves as an extension of the restaurant and includes an outdoor café component, further activating the site and contributing to its neighborhood presence. The property is also home to the iconic Lafayette smokestack, a notable visual landmark that reinforces the site’s identity and historic character. Anchored by Factory Restaurant and Lounge, one of the area’s best-known neighborhood destinations, the property enjoys built-in visibility and a strong sense of place within the Morris Canal community. This existing food-and-beverage presence enhances the overall profile of the asset and contributes to the vibrancy of the tenant mix and surrounding streetscape. The site comprises approximately 12,715 square feet (approximately 0.29 acres). The main building contains approximately 29,151 square feet, with expansive floor plates of roughly 7,720 square feet. Additional functional features include one loading bay and one freight elevator, enhancing the building’s utility for a variety of commercial users. In a market where authenticity, location, and long-term upside are increasingly difficult to replicate, 451Communipaw Avenue stands out as a truly differentiated Jersey City investment opportunity.