420 Central Avenue Jersey City, NJ 07307
CALLING ALL INVESTORS: Rare opportunity to acquire a unique mixed-use development site in one of Jersey City's prime retail and residential areas. This 25 x 127-foot lot, currently housing a convenience store with an apartment above, can be developed as of right into a 5-story project totaling 12, 500 gross buildable square feet. There is existing income from these tenants to cover holding costs during planning, making this property ideal for investment. Comparable condo projects in the area command prices of approximately $600 per square foot, suggesting a potential sellout value of around $5.6 million. Moreover, the lot size exceeds the typical 25x100 dimensions found in Jersey City, offering a standout opportunity for retail or residential development.
- Property TypeOther
- NeighborhoodN/A
- CountyHudson
- Taxes$13,606
- HOA/Condo/Coop Fees$0
- Days on Site43 Days
- MLS StatusActive
- MLS ID Number24023741
- Home Size Source N/A
- Year Built1900
- Lot Size Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Basement undefined
Community Features
- Township Jersey City
- MLS Area Jersey City