18
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$2,975,000
Est. payment /mo
Price Dropped by $225K
361 CENTRAL AVE Jc Heights, NJ 07307
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 250012942
Annual Tax Amount $39,000
Lot Dimensions 50x87
Property Sub-Type Investment
Property Description
Prime Development Opportunity in Booming Jersey City! Unlock the full potential of this high-visibility property at 361 Central Avenue, located in the heart of Jersey City's thriving Central Business District. This expansive 9,800 SF commercial space offers immediate income potential while sitting on a zoned development site allowing up to 5 stories – with ground-floor commercial and residential units above (2nd–5th floors). Build 12 2 Bed 2 Bath 950+- Sq Ft units above the retail or 16-20 1 Bed 1 Bath Units. This is a rare opportunity for investors or developers to capitalize on Jersey City's continued growth and strong demand for mixed-use residential properties. Flexible zoning allows for a variety of configurations: upscale apartments, condos, or long-term rentals – all above an anchor retail space in a well-trafficked corridor.
Location
State NJ
County Hudson
Area Jc Heights
Listed by SMART CHOICE REALTY LLC
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