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20,000-sf Redevelopment Site in JC 1 Land Properties Offered at $4,500,000 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
- 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
Taxes & Operating Expenses (Actual - 2026) Click Here to Access |
Annual |
|---|---|
| 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 | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | - |
Property Facts
| Price | $4,500,000 | Status | Under Contract |
| Sale Conditions | Number of Properties | 7 | |
| Cap Rate | 4.82% | Individually For Sale | 0 |
| Sale Type | Investment or Owner User | Total Land Area | 0.11 AC |
| Price | $4,500,000 |
| Sale Conditions | |
| Cap Rate | 4.82% |
| Sale Type | Investment or Owner User |
| Status | Under Contract |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Land Area | 0.11 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 701 Grand St, Jersey City, NJ 07304 | Land | 0.11 AC | - |
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20,000-sf Redevelopment Site in JC
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