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306-310 Newark Ave 0.1 Acres of Commercial Land Offered at $4,923,108 CAD in Jersey City, NJ 07302

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Investment Highlights

  • Approved plans for a five-story building with 12 residential units and one commercial space.
  • Just a 10-minute walk to Grove Street PATH station for quick NYC access.
  • Strong market fundamentals with high rental demand and limited development sites.
  • Located in The Village, a highly desirable neighborhood in Downtown Jersey City.
  • Surrounded by dining, retail, and entertainment options in a vibrant urban setting.

Executive Summary

Introducing 306-310 Newark Avenue, a rare development opportunity in the heart of Jersey City’s thriving downtown. This property offers approved plans for a five-story mixed-use building featuring 12 residential units and a ground-floor commercial space, making it an ideal investment for developers seeking a high-demand location. The site spans approximately 4,462 square feet and is strategically positioned within The Village neighborhood, a vibrant area known for its eclectic mix of dining, retail, and cultural attractions.
The property’s prime location ensures exceptional connectivity, just a 10-minute walk to the Grove Street PATH station, providing direct access to Manhattan. Its proximity to the popular pedestrian plaza, Newport, and Historic Downtown enhances its appeal for future residents and businesses alike. With limited availability of development-ready sites in this corridor, this asset presents a unique chance to capitalize on Jersey City’s continued growth and strong rental demand.
Offered at $3,600,000, the site includes full architectural plans upon request. The approved design maximizes value with a modern residential layout and a versatile commercial component, catering to the area’s dynamic urban lifestyle. This is an outstanding opportunity to secure a premier development site in one of the most desirable markets in the region.

Property Facts

Price $4,923,108 CAD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Mixed Use
  • Multifamily
  • Apartment Units
Total Lot Size 0.10 AC

1 Lot Available

Lot

Price $4,923,108 CAD
Price Per AC $49,231,079.58 CAD
Lot Size 0.10 AC

Description

Prime Development Opportunity in Downtown Jersey City Introducing 306-310 Newark Ave, a rarely available development site in the heart of Jersey City’s vibrant downtown. This unique property comes with approved plans for a 12-unit residential building, complete with a versatile commercial space on the ground floor—ideal for attracting retail or service businesses to cater to this bustling neighborhood. Strategically located just a 10-minute walk to the Grove Street PATH station and near the popular pedestrian plaza, this site offers unmatched convenience for commuters, providing a quick and easy transit option to NYC. Downtown Jersey City’s continued growth, coupled with limited availability of development-ready sites, makes this an exceptional investment opportunity. Seize the chance to build in a sought-after area with high rental demand and close proximity to dining, entertainment, and key transit hubs. Don’t miss out on adding this rare asset to your portfolio!

Walk Score®
Walker's Paradise (98)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
06-09902-0000-00001
Land Assessment
$1,862,081 CAD
Improvements Assessment
$136,117 CAD
Total Assessment
$1,998,198 CAD
  • Listing ID: 39052371

  • Date on Market: 2026-01-12

  • Last Updated:

  • Address: 306-310 Newark Ave, Jersey City, NJ 07302

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