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351 3rd St 0.16 Acres of Commercial Land Offered at $2,200,000 in Jersey City, NJ 07302

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Investment Highlights

  • In the heart of Jersey City.
  • One of the most dynamic and appreciating neighborhoods in the New York metro area.
  • JC's Downtown/Village neighborhood continues to thrive as a hotspot for young professionals, families, and investors.
  • Prime development opportunity.
  • Site plan approval.
  • Walkable streets, historic charm, prox to PATH (Grove St & Newport stations minutes away), easy access to Manhattan.

Executive Summary

The property at 351 3rd Street in the heart of Jersey City's coveted Village section of Downtown offers a prime development opportunity in one of the most dynamic and appreciating neighborhoods in the New York metro area. This five-story mixed-use building site (with site plan approval) features a strategic ground-floor commercial space complemented by essential mechanical systems, setting the stage for vibrant street-level retail, café, boutique, or professional office use. Above, floors 2 through 5 present flexible, well-laid-out residential floor plans ideal for creating spacious, modern apartments/units that command premium rents or sales in this high-demand market. Jersey City's Downtown/Village neighborhood continues to thrive as a hotspot for young professionals, families, and investors drawn to its walkable streets, historic charm, proximity to PATH trains (Grove Street and Newport stations just minutes away), and easy access to Manhattan. The area boasts strong median home price growth with a year-over-year increase recently, with citywide values climbing steadily amid balanced inventory and sustained buyer interest. This is a rare chance to acquire a development site in a proven, high-growth submarket. Ideal for developers, investors. .Contact for full details on the conceptual plans, zoning (Neighborhood Commercial District supporting mixed-use), lot dimensions, and next steps toward realizing your vision in Jersey City's most sought-after Village neighborhood. Don't miss this opportunity—properties like this move quickly!

Financial Summary (Actual - 2025) Click Here to Access

Annual Annual Per AC
Taxes $99,999 $9.99
Operating Expenses - -
Total Expenses $99,999 $9.99

Financial Summary (Actual - 2025) Click Here to Access

Taxes
Annual $99,999
Annual Per AC $9.99
Operating Expenses
Annual -
Annual Per AC -
Total Expenses
Annual $99,999
Annual Per AC $9.99

Property Facts

Price $2,200,000
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 0.16 AC
No. Stories 1
Zoning NC-1

1 Lot Available

Lot 1

Price $2,200,000
Price Per AC $13,750,000.00
Lot Size 0.16 AC

Approved plan for 5 story mixed-use.

Walk Score®
Walker's Paradise (99)
Transit Score®
Excellent Transit (79)
Bike Score®
Very Bikeable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Property Taxes

Property Taxes

Parcel Number
06-11004-0000-00006
Land Assessment
$2,230,900
Improvements Assessment
$0
Total Assessment
$2,230,900
Annual Taxes
($1)
Tax Year
2025
  • Listing ID: 39353765

  • Date on Market: 2/6/2026

  • Last Updated:

  • Address: 351 3rd St, Jersey City, NJ 07302

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