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325-329 Newark Ave 0.08 Acres of Commercial Land Offered at $6,786,960 CAD in Jersey City, NJ 07302
Investment Highlights
- Fully approved for 16 residential units + ground-floor commercial
- Fully Market Rate Units (no affordable component)
- Sought-after Downtown Jersey City Location close to PATH train access to New York City
Executive Summary
Introducing 325–329 Newark Ave, a rare opportunity to acquire a premier development site in the heart of Downtown Jersey City. The property is offered with approved plans for a 16-unit residential building with ground-floor commercial space, providing investors and developers the ability to deliver a high-quality mixed-use asset in one of the city’s most sought-after locations.
Positioned just a short walk from the Grove Street PATH Station and moments from the vibrant Newark Avenue pedestrian plaza, the site benefits from exceptional foot traffic and connectivity. Surrounded by an array of dining, retail, and nightlife destinations, the location offers strong appeal for both residential tenants and commercial users, with seamless access to Manhattan.
With Downtown Jersey City continuing to see strong rental demand and a limited pipeline of development-ready sites, 325–329 Newark Ave represents a compelling investment opportunity within a proven growth corridor. The combination of approved plans, scale, and prime location makes this an ideal project for developers seeking to capitalize on the area’s ongoing expansion.
Additionally, 306–310 Newark Ave is also available for sale, featuring approved plans for a 12-unit residential building with ground-floor commercial space, offered at $3.6M.
Property Facts
1 Lot Available
Lot
| Price | $6,786,960 CAD | Lot Size | 0.08 AC |
| Price Per AC | $82,742,576.52 CAD |
| Price | $6,786,960 CAD |
| Price Per AC | $82,742,576.52 CAD |
| Lot Size | 0.08 AC |
Description
325–329 Newark Avenue offers an outstanding development opportunity within one of Jersey City’s most vibrant neighborhoods. This 0.1-acre parcel is approved for a five-story mixed-use building featuring 16 residential units and one ground-floor commercial space. With existing structures set for demolition under approved permits, developers benefit from a streamlined path to construction and reduced predevelopment risk. Situated in The Village neighborhood of Downtown Jersey City, the site enjoys exceptional transit connectivity with the Grove Street PATH Station only a short walk away, providing direct access to Manhattan in minutes. The property sits near the lively Newark Avenue pedestrian plaza, an area well known for its dining, shopping, and nightlife options. This combination of accessibility, foot traffic, and proximity to key lifestyle amenities makes the location highly attractive for both residential tenants and commercial occupants. As Jersey City continues to experience dynamic growth, demand for quality residential units and commercial space remains strong. Limited availability of fully approved development sites in this corridor further enhances the investment appeal of 325–329 Newark Avenue, making it an excellent opportunity for developers looking to deliver a high-value asset in a proven market.
Property Taxes
| Parcel Number | 06-11001-0000-00006 | Improvements Assessment | $279,432 CAD |
| Land Assessment | $2,454,950 CAD | Total Assessment | $2,734,382 CAD |
Property Taxes
Presented by
325-329 Newark Ave
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