Great development opportunity in the highly sought-after Heights section of Jersey City

140 Bay St, Suite 1 Jersey City, NJ 07302
Phone: 201-225-8655
Fax: 201-604-6474
Courtesy of BOYNE REALTY (201-451-0950)
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Location

345 CENTRAL AVE
JC, Heights NJ 07307
Cross street:Bowers and Lincoln

Property

Ownership: For Sale

Financials

Price: $3,600,000

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 reatail and stable tenants has approvals in-place for 25 residential units and 2 parking spaces. 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, with an in-place income stream from the existing retail tenants. - Excellent commute to NYC with Direct buses or quick access to the 9th Street and 2nd Street Lightrail 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

Neighborhood

More listings: The Heights

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