531 Newark Ave, Jersey City

$1,649,000

6 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

Don't miss the opportunity to invest in a rapidly changing and developing Journal Square area of Jersey City! This brick building is located on a busy Newark Ave, just a few blocks from the Journal Square transportation hub. Retail space is currently occupied by a laundromat, which has access to the backyard. This location is ideal for any walk-in business due to a high pedestrian traffic. Atop the commercial space there are 3 residential units: studio and 2 large 2 bedrooms. Upside potential to build out the 2nd and 3rd floor for an extra 1000sq ft per floor, and add the 4th floor. Pro-forma available upon request.

Essential Information
MLS® #202009113
Price$1,649,000
Bedrooms6
Bathrooms0.00
Acres0.00
TypeMulti-Family
Sub-Type3 Family
StyleBrownstone
StatusACTIVE
Community Information
Address531 Newark Ave
AreaJC Journal Square
CityJersey City
CountyHudson
StateNJ
Zip Code07306
Amenities
ParkingNone
Interior
HeatingOther-See Remarks
Has BasementYes
BasementFinished
Exterior
ExteriorBrick
Additional Information
Date ListedMay 28th, 2020
Days on Market124
Property History
Price Reduced from $1,650,000 to $1,649,000
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Listing information last updated on September 29th, 2020 at 9:03pm CDT.

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