GREAT INVESTMENT OPPORTUNITY in Journal Square! 3 Unit Mixed Use - 2 residential units over commercial. Located in Redevelopment Zone and Cannabis Retailer Zone. All units are vacant. The commercial unit is perfect for any type of business with exposed brick, ½ bath, 10ft+ ceilings in storefront connecting to 1,000 sf of warehouse space w/ 15ft+ ceilings. Tons of foot traffic along Fairmount Ave. It can be converted to a restaurant, retail shop, etc- the possibilities are endless! Existing layouts: Unit 1 & 2 are both two bedrooms that can easily be converted into three bedrooms with eat-in kitchens and spacious living area. This property features three electric meters and three hot water heaters. Property lot size is 22 x 103. One block from JFK Blvd, 1/2 block from Bergenline Ave and short drive from 1-78. Proposed plans included in docs. Sold with plans for an addition + extension, creating an additional 3 residential units, totaling 5 residential units & 1 commercial. Plans are not fully approved.
Sold for $720,000 on 09/27/24
$720,000
264 Fairmount Ave, Jersey City, NJ 07306
4beds
--sqft
MultiFamily
Built in ----
-- sqft lot
$738,500 Zestimate®
$--/sqft
$3,180 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: September 27, 2024 at 06:37am
Listed by:
IAN CRAMSEY,
HOWARD HANNA RAND REALTY 201-420-4200
Bought with:
, 2299156
AMERICAS ELITE GROUP LLC
Source: HCMLS,MLS#: 240003604
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 4
- Bathrooms: 3
- Full bathrooms: 2
- 1/2 bathrooms: 1
Heating
- Forced Air, Baseboard
Cooling
- Central Air
Features
- Basement: Full
Property
Parking
- Parking features: See Remarks
Details
- Land lease expiration date: 1727395200000
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Multi Level
Materials
- Aluminum Siding
Community & neighborhood
Location
- Region: Jersey City
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$738,500
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$738,500