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362 Central Ave
Jersey City, NJ 07307
Retail Property For Sale


Investment Highlights
- heavy daytime foot traffic, NYC bus stop right in front of building, 2 side by side tenant occupied spaces
Executive Summary
Prime redevelopment opportunity in the heart of the Jersey City Heights business district, located on the same block as the much hyped Central Avenue Redevelopment Zone. The property sits on a 20’ x 120’ lot and features two side-by-side street-level commercial spaces with rear yard, offering strong redevelopment potential. Surrounded by mid-rise development this site benefits from an established density profile and long-term upside. A NYC bus stop directly in front of the property provides a quick and convenient commute to Manhattan, enhancing both residential and commercial appeal. Also located just under 2 miles to the burgeoning Journal Square Redevelopment Zone which aims to establish the area as a thriving business, residential, cultural, and transit hub. Currently income-producing with month-to-month tenants in place, allowing immediate cash flow with flexibility for redevelopment. A compelling opportunity for developers and investors seeking a well-located asset in one of Jersey City's most active growth corridors. 2 tenants. Approximately 1424 square feet combined plus a backyard. Two utility meters. Being sold AS IS
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
1,424 SF
Building Class
C
Year Built
1950
Price
$1,354,162 CAD
Price Per SF
$950.96 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.54
Lot Size
0.06 AC
Frontage
19’ on Central Ave
Amenities
- Bus Line
- Signage
Property Taxes
| Parcel Number | 06-02901-0000-00036 | Improvements Assessment | $309,405 CAD |
| Land Assessment | $248,537 CAD | Total Assessment | $557,942 CAD |
Property Taxes
Parcel Number
06-02901-0000-00036
Land Assessment
$248,537 CAD
Improvements Assessment
$309,405 CAD
Total Assessment
$557,942 CAD
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