Invest in booming Journal Square! Retail space + 3 residential units

531 Newark Ave
Jersey City NJ 07306
EXCLUSIVE
Cross street:Palisade Ave & Baldwin Ave

Property

Ownership: income-property
Type: Brownstone
Bedrooms: 6 BR
Bathrooms: 3
Pets: Pets Allowed
Lot Size: 3200 sq ft

Financials

Price: $1,800,000
Annual Taxes: $16,724
Margo Fuller
Licensed Real Estate Salesperson
Phone:
Rob Fuller
Licensed Real Estate Salesperson | The Mansilla Team | Licensed as 'John Fuller'
Phone:
140 Bay St, Suite 1 Jersey City, NJ 07302

Description

Don't miss the opportunity to invest in a rapidly changing and developing Journal Square area of Jersey City! This brick building is located on a busy Newark Ave, just a few blocks from the Journal Square transportation hub. Retail space is currently occupied by a laundromat, which has access to the backyard. This location is ideal for any walk-in business due to a high pedestrian traffic. Atop the commercial space there are 3 residential units: 1,2, and 3 bedrooms each.

Upside potential to build out the 2nd and 3rd floor for an extra 1000sq ft per floor, and add the 4th floor. Pro-forma available upon request.

Amenities

  • Back Yard
  • ground-floor
  • hardwood-floors

Neighborhood

More listings:

Invest in booming Journal Square! Retail space + 3 residential units

Description

Don't miss the opportunity to invest in a rapidly changing and developing Journal Square area of Jersey City! This brick building is located on a busy Newark Ave, just a few blocks from the Journal Square transportation hub. Retail space is currently occupied by a laundromat, which has access to the backyard. This location is ideal for any walk-in business due to a high pedestrian traffic. Atop the commercial space there are 3 residential units: 1,2, and 3 bedrooms each.

Upside potential to build out the 2nd and 3rd floor for an extra 1000sq ft per floor, and add the 4th floor. Pro-forma available upon request.

Amenities

  • Back Yard
  • ground-floor
  • hardwood-floors

Neighborhood

More listings:

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.