238-240 14TH ST New Jersey


Property

Website:https://www.nestseekers.com/3563117
Address:
238-240 14TH ST
JC, Downtown, NJ 07310
Ownership: income-property
Pets: Pets Allowed

Financials

Price: $1,699,000
Annual Taxes: $17,438

Description

Prime real estate opportunity outside the Holland Tunnel in Jersey City! Welcome to a unique and strategically located property that combines commercial potential with maximum visibility – presenting a 50x60 lot size situated just outside the bustling Holland Tunnel in Jersey City. With 100,000+ vehicles passing through it every day, the Holland Tunnel is one of the busiest automotive tunnels in the world! Key Features: Lot Size: 50x60 - Offering a versatile canvas for endless possibilities High Visibility: Positioned for maximum exposure to the continuous stream of car traffic entering and exiting the Holland Tunnel, this property boasts an unparalleled advertising advantage. Commercial Assets: The property is currently home to a billboard and a diner, creating an immediate revenue stream and opportunities for further development. Strategic Location: Enjoy easy access to all major transportation routes, making it convenient for both customers and commuters. The Holland Tunnel provides a direct link to Manhattan, ensuring a steady flow of traffic throughout the day. Investment Highlights: Billboard Revenue: Leverage the existing billboard to generate steady advertising income, capitalizing on the high traffic volume passing through the area. Diner Potential: With a diner already on-site, there's an opportunity to cater to the needs of commuters, locals, and tourists alike. Explore options for renovation, rebranding, or potential collaboration with popular food chains. Transportation Access: Holland Tunnel: Direct access to Manhattan, facilitating seamless commuting for a diverse audience. Proximity to Major Highways: The property's location ensures easy connections to major highways, optimizing accessibility for a wide range of visitors. Development Opportunities: Expand or Reimagine: With the generous lot size, there's room for expansion or reimagining the property to meet the demands of the growing Jersey City market. Adaptive Reuse: Explore adaptive reuse possibilities for the existing structures to enhance their functionality and appeal. This is a rare chance to acquire a property that not only provides immediate income but also holds tremendous potential for future growth.

Contact

140 Bay St, Suite 1 Jersey City, NJ 07302
Courtesy of DEL FORNO REAL ESTATE LLC ()