372 Summit Ave - Storefront Retail/Residential FOR SALE


Jersey City, NJ 07306- Journal Square
$1,650,000 USD
201-320-8990
372 Summit Ave, Jersey City, NJ for Sale
$1,650,000 USD
Storefront Retail/Residential - FOR SALE
1/33
null | Request Cap Rate

372 Summit Ave
Jersey City, NJ 07306
Journal Square


HIGHLIGHTS

  • Close to PATH Station - Easy NYC Commute
  • Shops & Restaurants in Journal Square
  • Renovated Apartments

OVERVIEW

This investment property, featuring a commercial space on the 1st Fl and two 2BR Apts above, offers an exceptional development opportunity in the fast-growing Journal Square area. Just 2.5 blocks from the Transportation Center and PATH train station, offering direct routes into NYC. Situated in the JSQ Redevelopment Zone, this property presents a variety of possibilities for developers & investors. Its prime location near vibrant restaurants, schools, and businesses enhances its appeal, with potential for several additional floors pending variance approvals. The surrounding area has experienced significant growth in recent years, with multiple rental developments ranging from 29 to 132 units. Don't miss out on the chance to invest in this prime location, offering tremendous development potential in one of Jersey City's most dynamic neighborhoods. Seller financing is possible, offering a flexible purchasing option for qualified buyers.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$413 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

JS

APN/PARCEL ID

06-10801-0000-00003

ASK ABOUT THIS PROPERTY

Ingrid HartProminent Properties Sotheby's RealtyMore Info
201-320-8990

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Ingrid HartProminent Properties Sotheby's RealtyMore Info
201-320-8990

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.