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548 Jersey Ave 3,000 SF 100% Leased Retail Building Jersey City, NJ 07302 $4,505,930 CAD ($1,501.98 CAD/SF) 4.83% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime corner lot with strong curb appeal
- Fully renovated interiors – no deferred maintenance
- Zoned for high traffic, transit-oriented mixed-use
- Mixed-use asset with long-term commercial tenant
- Rare value-add potential via rooftop development
EXECUTIVE SUMMARY
PRIME MIXED-USE CORNER ASSET – 548 Jersey Ave, Jersey City, NJ
INCOME-PRODUCING | HIGH-TRAFFIC LOCATION | 2 BLOCKS TO GROVE ST PATH
Welcome to 548 Jersey Ave — a standout, fully renovated three-unit mixed-use brick building ideally positioned at a high-visibility corner in the heart of Downtown Jersey City. This trophy building offers tremendous upside with solid in-place income and strong future potential. Whether you're a seasoned investor or owner-user looking for a live-work opportunity, this property checks all the boxes.
PROPERTY HIGHLIGHTS:
Approx. 1100 SF retail storefront + basement – currently home to a charming, long-standing flower shop with 30 years of neighborhood legacy. Incredible street presence and heavy foot traffic.
Two beautifully upgraded 2-bedroom residential units with separate utilities, high-end finishes, and in-unit washer/dryers.
Potential for a rooftop deck – unlock additional value and lifestyle appeal.
1-minute walk to Grove St PATH – effortless 10-minute commute to Manhattan’s Financial District.
RESIDENTIAL UNIT DETAILS:
Unit 1: 2 Bed / 1.5 Bath – High ceilings, hardwood floors, modern kitchen & baths, dishwasher, washer/dryer in unit. Ideal layout for rental or owner occupancy.
Unit 2 (Duplex): Spans 2nd & 3rd floors – spacious open concept with abundant natural light, stainless steel appliances, marble-tiled bathrooms, hardwood throughout, and generous closets. A turnkey luxury rental in a prime location.
LOCATION, LOCATION, LOCATION:
Just steps from Newark Ave’s vibrant retail & dining corridor, surrounded by boutique shops, restaurants, and nightlife. The proximity to the PATH and the energy of the neighborhood create high desirability and low vacancy risk.
INVESTMENT SUMMARY:
Prime corner lot with strong curb appeal
Mixed-use asset with long-term commercial tenant
Fully renovated interiors – no deferred maintenance
Rare value-add potential via rooftop development
Zoned for high traffic, transit-oriented mixed-use
This is your opportunity to own a true Downtown Jersey City gem — location, income, stability, and upside all in one package.
Please text Cynthia 973-220-4079 for showing. Tenant occupied, 24 hr notice is preferred. Showings with proof of funds only. Financials available upon request.
INCOME-PRODUCING | HIGH-TRAFFIC LOCATION | 2 BLOCKS TO GROVE ST PATH
Welcome to 548 Jersey Ave — a standout, fully renovated three-unit mixed-use brick building ideally positioned at a high-visibility corner in the heart of Downtown Jersey City. This trophy building offers tremendous upside with solid in-place income and strong future potential. Whether you're a seasoned investor or owner-user looking for a live-work opportunity, this property checks all the boxes.
PROPERTY HIGHLIGHTS:
Approx. 1100 SF retail storefront + basement – currently home to a charming, long-standing flower shop with 30 years of neighborhood legacy. Incredible street presence and heavy foot traffic.
Two beautifully upgraded 2-bedroom residential units with separate utilities, high-end finishes, and in-unit washer/dryers.
Potential for a rooftop deck – unlock additional value and lifestyle appeal.
1-minute walk to Grove St PATH – effortless 10-minute commute to Manhattan’s Financial District.
RESIDENTIAL UNIT DETAILS:
Unit 1: 2 Bed / 1.5 Bath – High ceilings, hardwood floors, modern kitchen & baths, dishwasher, washer/dryer in unit. Ideal layout for rental or owner occupancy.
Unit 2 (Duplex): Spans 2nd & 3rd floors – spacious open concept with abundant natural light, stainless steel appliances, marble-tiled bathrooms, hardwood throughout, and generous closets. A turnkey luxury rental in a prime location.
LOCATION, LOCATION, LOCATION:
Just steps from Newark Ave’s vibrant retail & dining corridor, surrounded by boutique shops, restaurants, and nightlife. The proximity to the PATH and the energy of the neighborhood create high desirability and low vacancy risk.
INVESTMENT SUMMARY:
Prime corner lot with strong curb appeal
Mixed-use asset with long-term commercial tenant
Fully renovated interiors – no deferred maintenance
Rare value-add potential via rooftop development
Zoned for high traffic, transit-oriented mixed-use
This is your opportunity to own a true Downtown Jersey City gem — location, income, stability, and upside all in one package.
Please text Cynthia 973-220-4079 for showing. Tenant occupied, 24 hr notice is preferred. Showings with proof of funds only. Financials available upon request.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
3,000 SF
Building Class
C
Year Built
1878
Price
$4,505,930 CAD
Price Per SF
$1,501.98 CAD
Cap Rate
4.83%
NOI
$217,740 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.30
Lot Size
0.03 AC
Zoning
N/Av
Frontage
Walk Score®
Walker's Paradise (100)
Transit Score®
Excellent Transit (82)
Bike Score®
Very Bikeable (79)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-11114-0000-00031 | Total Assessment | $1,386,440 CAD (2025) |
| Land Assessment | $424,667 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $961,773 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
06-11114-0000-00031
Land Assessment
$424,667 CAD (2025)
Improvements Assessment
$961,773 CAD (2025)
Total Assessment
$1,386,440 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2024
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