Don't miss the opportunity to invest in a rapidly changing and developing Journal Square area of Jersey City! The building is located on a busy Newark Ave, just a few blocks from the Journal Square transportation hub. Retail space is currently occupied by a laundromat, which has access to the backyard. This location is ideal for any walk-in business due to a high pedestrian traffic. Atop the commercial space there are 3 residential units: 1,2, and 3 bedrooms each. Upside potential to build out the 2nd and 3rd floor for an extra 1000sq ft per floor, and add the 4th floor. Pro-forma and a video tour available upon request.
Off market
$992,000
531 Newark Ave, Jersey City, NJ 07306
6beds
--sqft
SingleFamily
Built in ----
3,200 Square Feet Lot
$992,000 Zestimate®
$--/sqft
$5,889 Estimated rent
What's special
Services availability
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
$992,000
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
$992,000