372 SUMMIT AVE
JC, Journal Square, NJ 07306

Property

Ownership: income-property
Rooms: 2
Bathrooms: 2
Pets: Pets Allowed

Financials

Price: $1,800,000
Annual Taxes: $11,257
140 Bay St, Suite 1 Jersey City, NJ 07302
Listing Courtesy of PROMINENT PROPERTIES SOTHEBY'S INTERNATIONAL REALTY

Description

This investment property, featuring a commercial space on the first floor and two apartments above, offers an exceptional development opportunity in the fast-growing Journal Square area. Just 2.5 blocks from the Journal Square Transportation Center, the location provides easy access to local bus services and the PATH train station, offering direct routes into NYC. Situated in the Journal Square Redevelopment Zone, this property presents a variety of possibilities for developers and investors. Its prime location near vibrant restaurants, schools, and businesses enhances its appeal, with potential for several additional floors pending variance approvals. The surrounding area has experienced significant growth in recent years, with multiple rental developments ranging from 29 to 132 units. Don’t miss out on the chance to invest in this prime location, offering tremendous development potential in one of Jersey City's most dynamic neighborhoods.

Neighborhood

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372 SUMMIT AVE New Jersey


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All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.