Commercial space For Sale in Jersey City, NJ
MLS# : 260009092
PROPERTY DETAILS
PROPERTY DESCRIPTION
For the first time in nearly five decades, 442 West Side Avenue in the heart of Jersey City's West Bergen neighborhood is on the market — and it's one of the most compelling mixed-use development opportunities to hit this corridor in years. Home to the beloved Elio's Bakery for over 46 years, this property sits on an oversized 27x113 lot zoned NC-1, which permits a ground-floor retail space with up to four additional stories of residential apartments above — making the highest and best use of this site a full five-story mixed-use building that maximizes both rental income and long-term asset value. The sale includes the entire building and all bakery contents, appliances, fixtures, and equipment, along with a three-car rear garage that can generate supplemental income while the new owner pursues city approvals for redevelopment. The existing structure features a full basement for storage, a walk-in refrigerator, and a dumbwaiter accessible from all three current stories, including two stories of a mix of ovens, stoves, and so much more — offering a turnkey path to reopen as a fully operational bakery in the interim or lease the ground floor to a commercial tenant while building out the residential upside above. Sold completely as-is, this is a rare chance to acquire a legacy property with real development upside in one of Jersey City's most established neighborhoods. Inquire today for a private tour.
Amenities
This listing is a courtesy of KELLER WILLIAMS CITY VIEWS
201-592-8900 office, listing agent MICHAEL DIBI
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 (2025): | 2.335% |
| Effective Tax Rate (2025): | 1.847% |
| Compare To Other Towns |
Jersey City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $741,776 |
| 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 (2025): | 2.335% |
| Effective Tax Rate (2025): | 1.847% |
Search
MLS#
MLS#
MLS#
MLS#
MLS#
MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $425,000 - 3,500,000 | 50 |
| Condos : | $165,000 - 6,499,000 | 549 |
| Co-ops : | $345,000 - 679,000 | 10 |
| Twnhs : | $450,000 - 2,499,000 | 17 |
| 2-4 Fam : | $415,000 - 2,875,000 | 128 |
| 5+ Fam : | $1,550,000 - 1,550,000 | 1 |
| Land : | $469,000 - 4,800,000 | 23 |
| Rentals : | $1,750 - 4,700 | 39 |
| Mixd Use : | $1,550,000 - 1,550,000 | 1 |
| Com S : | - | |
| Com L : | - | |
| Biz : | $60,000 - 400,000 | 10 |
