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20,000-sf Redevelopment Site in JC 2 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
This approximately 20,000 SF portfolio comprises seven lots located in the Bergen-Lafayette section of Jersey City, within the Morris Canal Redevelopment Plan. The site permits up to five stories as-of-right, with the potential to develop up to seven stories by incorporating an affordable housing component. This offering presents an ideal development opportunity, allowing an investor to generate income in the near term while planning for future development. Seller financing available!
- Car Dealership (709-711 Grand St)
- Mixed-use building (701-703 Grand St):
3-bed, 2-bath apartment
Fusion Coffee Shop
Locksmith
- Parking Lot (701 Grand St)
- Auto Repair Shop (1097 Garfield Ave)
- 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 Coffee Shop
Locksmith
- Parking Lot (701 Grand St)
- Auto Repair Shop (1097 Garfield Ave)
- Car lot (14-6 Summit Ave)
Collective Square Footage
19,850 sf - IRR
TAXES & OPERATING EXPENSES (ACTUAL - 2025) 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 - 2025) 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 | Number of Properties | 7 |
| Sale Conditions | Individually For Sale | 0 | |
| Sale Type | Investment or Owner User | Total Land Area | 0.22 AC |
| Status | Active |
| Price | $4,500,000 |
| Sale Conditions | |
| Sale Type | Investment or Owner User |
| Status | Active |
| Number of Properties | 7 |
| Individually For Sale | 0 |
| Total Land Area | 0.22 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | INDIVIDUAL PRICE |
|---|---|---|---|
| 701 Grand St, Jersey City, NJ 07304 | Land | 0.11 AC | - |
|
Car Lot
14-16 Summit Ave, Jersey City, NJ 07304 |
Land | 0.11 AC | - |
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20,000-sf Redevelopment Site in JC
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