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1059 W Side Ave
Jersey City, NJ 07306
Retail Property For Sale
Investment Highlights
- A rare opportunity to control an 8,100 SF infill development site on Jersey City's most actively entitled corridor.
- Walkable to the Hudson-Bergen Light Rail (West Side Avenue station); direct access to Routes 1&9, the Pulaski Skyway, and the NJ Turnpike Extension.
- Approximately .7 miles to Journal Square PATH and its multibillion-dollar redevelopment pipeline
- Currently Occupied Single Tenant Retail
Executive Summary
The site consists of a rectangular 75' x 108' lot totaling approximately 8,100± square feet (0.19± acres) with 75± feet of frontage along West Side Avenue. Currently the property is a 4800 sf single story retail building with a 3300 sf parking lot.
The site sits within walking distance of the Journal Square Path and with direct access to Routes 1&9, the Pulaski Skyway, and the New Jersey Turnpike Extension — connecting the site to Manhattan, Newport, the PATH network, and the Holland Tunnel approach to Manhattan. With some of the strongest rental demand in the tri-state region, this should be an awesome project for the right owner user, investor or developer.
The site sits within walking distance of the Journal Square Path and with direct access to Routes 1&9, the Pulaski Skyway, and the New Jersey Turnpike Extension — connecting the site to Manhattan, Newport, the PATH network, and the Holland Tunnel approach to Manhattan. With some of the strongest rental demand in the tri-state region, this should be an awesome project for the right owner user, investor or developer.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,800 SF
Building Class
C
Year Built
1966
Price
$2,250,000
Price Per SF
$468.75
Tenancy
Single
Building Height
1 Story
Building FAR
0.59
Lot Size
0.19 AC
Zoning
NC, Jersey City - R-1 Base
Parking
15 Spaces (3.13 Spaces per 1,000 SF Leased)
Frontage
Property Taxes
| Parcel Number | 06-09205-0000-00009 | Improvements Assessment | $685,700 |
| Land Assessment | $278,900 | Total Assessment | $964,600 |
Property Taxes
Parcel Number
06-09205-0000-00009
Land Assessment
$278,900
Improvements Assessment
$685,700
Total Assessment
$964,600
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