420 Central AVE Active

Jersey City,NJ 07307

$ 1699999

- Bed

- Bath

- SqFt


Key Details

Property Type Commercial

Sub Type Res/Com Mixed

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24023741

Style Res/Com Mixed

Annual Tax Amount $13,606

Property Description

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. Please note seller's agent is related to seller.

Location

State NJ

County Hudson

Area Jersey City

Exterior

Utilities Available Munincipal Water

Roof Type Flat

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