493 Newark ave - 493 Newark Ave, Jersey City 0.11 Acres of Commercial Land Offered at $5,111,025 CAD in Jersey City, NJ 07306

1. Fully Approved — Appeal Period Expired Full site plan approval has been obtained and the appeal period has passed. A buyer steps in with zero entitlement risk, no Planning Board exposure, and a clear path straight to construction permitting. 2. 100% Market Rate — No Affordable Component In a market where the new administration is actively pushing affordable housing mandates, this project is grandfathered as entirely market rate. That is a rare and increasingly irreplaceable attribute in Jersey City's core development corridors. 3. Record-Setting PPSF Potential Perched on the Palisades with unobstructed views over Downtown Jersey City, the project is positioned to achieve top-of-market pricing. The comparable at 387 Eighth Street — designed by the same architect — is achieving approximately $980 PSF in active sales. 4. 285'+ of Frontage Across Two Avenues The site spans Newark Ave and Pavonia Ave delivering near 360° views and a commanding streetscape presence — a physical attribute that simply cannot be engineered into most development sites. 5. Project Includes Construction Drawings The sale includes a full set of construction drawings, meaning a buyer can move directly into the permitting and contractor bidding process without absorbing the time and cost of design development.