$ 1,800,000
372 Summit AVE Jersey City, NJ 07306
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Listed by Ingrid Hart • Prominent Properties Sotheby's International Realty-Hoboken • (201) 320-8990
$ 1,800,000
Est. payment | /mo
$ 1,800,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Res/Com Mixed
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24031676
Style Res/Com Mixed
Annual Tax Amount $11,257
Property Description
This investment property, featuring a commercial space on the first floor and two apartments above, offers an exceptional development opportunity in the fast-growing Journal Square area. Just 2.5 blocks from the Journal Square Transportation Center, the location provides easy access to local bus services and the PATH train station, offering direct routes into NYC. Situated in the Journal Square Redevelopment Zone, this property presents a variety of possibilities for developers and investors. Its prime location near vibrant restaurants, schools, and businesses enhances its appeal, with potential for several additional floors pending variance approvals. The surrounding area has experienced significant growth in recent years, with multiple rental developments ranging from 29 to 132 units. Don't miss out on the chance to invest in this prime location, offering tremendous development potential in one of Jersey City's most dynamic neighborhoods.
Location
State NJ
County Hudson
Area Jersey City
Exterior
Utilities Available Gas
Roof Type O/See Rmrks
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