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701 Grand St -mixed-use development site 2 Land Properties Offered at $6,871,529 CAD in Jersey City, NJ
Investment Highlights
- Seven lots
- Existing Mixed-Use structures
- Approx 20,000 sf
- Redevelopment Plan Area
- Car Dealership and Auto Repair Shop
- Build up to 5 stories as of right, 7 w/ affordable housing
Executive Summary
Currently owner-occupied, this approximately 20,000 SF portfolio consists of seven lots located in the Bergen-Lafayette section of Jersey City within the Morris Canal Redevelopment Plan. The site allows for development of up to five stories as-of-right, with the potential to build up to seven stories through inclusion of an affordable housing component. This offering presents a compelling development opportunity, enabling an investor to generate near-term income while positioning the property for future redevelopment. Seller financing is available.
- Car Dealership (709-711 Grand St)
- Mixed-use building (701-703 Grand St):
3-bed, 2-bath apartment
Fusion Cafe w/kitchen
Locksmith shop
- Parking Lot (701 Grand St)
- Auto Repair Shop (1097 Garfield Ave) w/paint booth. Previously an auto body shop. Auto Body license can be obtained.
- Car lot (14-6 Summit Ave)
Collective Square Footage
19,850 sf - IRR
Permitted Principal Uses:
1. Residential above the ground floor
2. Medical offices
3. Child Day Care Centers and Adult Day Cares
4. Community facilities
5. Parks
6. Public utilities, except that natural gas transmission lines shall be prohibited
7. Offices
8. Health care facilities, except for health care facilities that provide any type of residential accommodation.
9. Veterinary services and animal grooming facilities
10. Incubator spaces
11. Retail sales of goods and services, except for drive-through pick-up
12. Restaurants, cafes, banquet and catering facilities
13. Bars
14. Distilleries and microbreweries
15. Financial Institutions
16. Houses of worship
17. Galleries and theaters
18. Health clubs
- Car Dealership (709-711 Grand St)
- Mixed-use building (701-703 Grand St):
3-bed, 2-bath apartment
Fusion Cafe w/kitchen
Locksmith shop
- Parking Lot (701 Grand St)
- Auto Repair Shop (1097 Garfield Ave) w/paint booth. Previously an auto body shop. Auto Body license can be obtained.
- Car lot (14-6 Summit Ave)
Collective Square Footage
19,850 sf - IRR
Permitted Principal Uses:
1. Residential above the ground floor
2. Medical offices
3. Child Day Care Centers and Adult Day Cares
4. Community facilities
5. Parks
6. Public utilities, except that natural gas transmission lines shall be prohibited
7. Offices
8. Health care facilities, except for health care facilities that provide any type of residential accommodation.
9. Veterinary services and animal grooming facilities
10. Incubator spaces
11. Retail sales of goods and services, except for drive-through pick-up
12. Restaurants, cafes, banquet and catering facilities
13. Bars
14. Distilleries and microbreweries
15. Financial Institutions
16. Houses of worship
17. Galleries and theaters
18. Health clubs
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual (CAD) |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
-
|
Taxes & Operating Expenses (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
Property Facts
| Price | $6,871,529 CAD | Status | Active |
| Sale Conditions | Number of Properties | 7 | |
| Cap Rate | 4.47% | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Land Area | 0.22 AC |
| Price | $6,871,529 CAD |
| Sale Conditions | |
| Cap Rate | 4.47% |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Land Area | 0.22 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 701 Grand St, Jersey City, NJ 07304 | Land | 0.11 AC | - |
|
Car Lot
14-6 Summit Ave, Jersey City, NJ 07304 |
Land | 0.11 AC | - |
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701 Grand St -mixed-use development site
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