345 CENTRAL AVE Jersey City, NJ 07307

$4,000,000
345 CENTRAL AVE, Jersey City, NJ 07307
180003456

Property Information

  • $4,000,000
  • Commercial
  • Taxes are $36,858
  • Investment
  • Active
  • 4 Floors
  • Jersey City, NJ
  • The Heights Neighborhood
  • Hudson County
  • MLS/Web ID is 180003456

Description

Great development opportunity in the highly sought-after Heights section of Jersey City. This two-story, 10, 750± square foot mixed use building with approximately 7000sq ft of retail has approvals in-place for 25 residential units and 2 parking spaces. Will be delivered vacant and ready to build. This is a rare opportunity for a grocery store chain or other large retailer to grab the largest street level space currently available on Central Ave. This property is situated centrally in one of JC's hottest areas markets, quickly becoming a popular alternative to Manhattan, Brooklyn, and Downtown JC. This redevelopment takes advantage of the growing multifamily demand in this hot, low vacancy market, with great rents and new construction condo returns. The moderate construction costs associated with this project will appeal to many types of investors, whether it be a first time or seasoned developer looking to break into The Heights market or a local owner looking to add to their portfolio. Excellent commute to NYC with Direct buses or quick access to the 9th Street and 2nd Street Light Rail Stops. Excellent view of New York City skyline from upper levels. Close to all the burgeoning Heights Area has to offer including the Palisade Arts District, New Retail, Coffee Shops, and New Restaurants

Exterior 1

Parking

  • 1-20 Parking Spaces

† Excluded Feature

Listed By

Broker: BOYNE REALTY
Phone: (201) 451-0956

345 CENTRAL AVE, Jersey City, NJ, 07307 is a Commercial Property for sale at $4,000,000. 345 CENTRAL AVE has 0.0 baths. The property's zip code is 07307 which is in Jersey City, NJ

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Market Pricing

Average % of sale price Median % of sale price
All listings in Jersey City $799,738 80 % below $649,000 84 % below
Commerical listings in Jersey City $1,315,565 67 % below $950,000 76 % below
Sold listings in Jersey City $183,500 95 % below $0 100 % below

Get the facts about Jersey City, NJ!

Population 263,969
Population Growth (since 2000) 10 %
Median Income $61,705
Median Age 35.73
Households w/ Children 27 %

Residential Dwellings

  • Owned 30878
  • Vacant 11364
  • Rented 73079

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or Call us at 1-800-839-1363