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$ 4,800,000
Est. payment | /mo
$ 4,800,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260005323
Annual Tax Amount $44,000
Lot Dimensions 119x87x82
Property Sub-Type Vacant Land
Property Description
Introducing 325–329 Newark Ave, a rare opportunity to acquire a premier development site in the heart of Downtown Jersey City. The property is offered with approved plans for a 16-unit residential building with ground-floor commercial space, providing investors and developers the ability to deliver a high-quality mixed-use asset in one of the city's most sought-after locations. The project also includes approved demolition permits for the two existing structures, allowing for a streamlined path to redevelopment. Positioned just a short walk from the Grove Street PATH Station and moments from the vibrant Newark Avenue pedestrian plaza, the site benefits from exceptional foot traffic and connectivity. Surrounded by an array of dining, retail, and nightlife destinations, the location offers strong appeal for both residential tenants and commercial users, with seamless access to Manhattan. With Downtown Jersey City continuing to see strong rental demand and a limited pipeline of development-ready sites, 325–329 Newark Ave represents a compelling investment opportunity within a proven growth corridor. The combination of approved plans, demolition permits, scale, and prime location makes this an ideal project for developers seeking to capitalize on the area's ongoing expansion.
Location
State NJ
County Hudson
Area Jc Downtown
Listed by COMPASS NEW JERSEY, LLC
Nearby Locations
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