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381 Whiton St 2,014 SF Industrial Building Jersey City, NJ 07304 $925,000 ($459.29/SF)


Executive Summary
Three connecting lots in Jersey City's Bergen-Lafayette neighborhood, offered together for the first time: 381 Whiton St, 341 Johnston Ave, and 343 Johnston Ave. Based on internal planning analysis, the combined site supports a four unit building at roughly 5,400 gross square feet total, delivering four units at approximately 1,350 gross square feet and 1,215 net square feet each. The block backs to the Liberty State Park light rail station and sits minutes from Downtown Jersey City via the Jersey Avenue Bridge connection. Bergen-Lafayette has become one of the fastest growing sections of the city, with a fast-expanding restaurant, café, and retail corridor that has drawn national attention for its turnaround over the past several years. New restaurants, bars, and coffee shops continue to open along Grand Street, Communipaw Avenue, and the surrounding blocks, supporting steady rental demand and buyer interest in new construction. A strong fit for a condo project targeting this demand directly. Ideally all three lots to be purchased together. Buyer to independently verify zoning, buildable envelope, and permitted unit count with the Jersey City Division of Zoning prior to purchase.
Property Facts
| Price | $925,000 | Lot Size | 0.17 AC |
| Price Per SF | $459.29 | Rentable Building Area | 2,014 SF |
| Sale Type | Investment | No. Stories | 1 |
| Sale Condition | Redevelopment Project | Year Built | 2007 |
| Property Type | Industrial | Tenancy | Single |
| Property Subtype | Warehouse | No. Drive In / Grade-Level Doors | 1 |
| Building Class | C | Opportunity Zone |
Yes
|
| Price | $925,000 |
| Price Per SF | $459.29 |
| Sale Type | Investment |
| Sale Condition | Redevelopment Project |
| Property Type | Industrial |
| Property Subtype | Warehouse |
| Building Class | C |
| Lot Size | 0.17 AC |
| Rentable Building Area | 2,014 SF |
| No. Stories | 1 |
| Year Built | 2007 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 1 |
| Opportunity Zone |
Yes |
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Exceptionally walkable
90/100
Moderately drivable
60/100
Strong public transit
80/100
Moderately bikeable
70/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $50,000 | |
| Land Assessment | $1,872,100 | Total Assessment | $1,922,100 |
Property Taxes
Parcel Numbers
Land Assessment
$1,872,100
Improvements Assessment
$50,000
Total Assessment
$1,922,100
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381 Whiton St
