Mixed-use corner property consisting of 2 2-br apartments and 1 store

140 Bay St, Suite 1 Jersey City, NJ 07302
Phone: 201-225-8655
Fax: 201-604-6474
Courtesy of LIBERTY REALTY LLC (201-222-2900)
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Location

508 MERCER ST
JC, Journal Square NJ 07306
Cross street:Bergen Ave & Summit Ave

Property

Ownership: For Sale

Financials

Price: $599,000

Description

Mixed-use corner property consisting of 2 2-br apartments and 1 store, currently rented to a Deli. Building is fully occupied. Both apartments were renovated about 3 years ago. Potential for value add by increasing rents to market and possibly converting the backyard of the building to a parking space. Located on the corner of Summit Avenue and Mercer Street, directly behind the JC National Guard Armory, 1 block from Montgomery, and a few blocks from the Journal Square Path Station lies this income producing building in McGinley Square. It is situated just a few minutes away from The Beacon apartment buildings. McGinley Square is going through a tremendous revitalization through Jersey City's redevelopment plan.

Neighborhood

More listings: Bergen Lafayette

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