362 Central Ave

Description

Prime redevelopment opportunity in the heart of the Jersey City Heights business district, located on the same block as the much hyped Central Avenue Redevelopment Zone. The property sits on a 20’ x 120’ lot and features two side-by-side street-level commercial spaces with rear yard, offering strong redevelopment potential. Surrounded by mid-rise development this site benefits from an established density profile and long-term upside. A NYC bus stop directly in front of the property provides a quick and convenient commute to Manhattan, enhancing both residential and commercial appeal. Also located just under 2 miles to the burgeoning Journal Square Redevelopment Zone which aims to establish the area as a thriving business, residential, cultural, and transit hub. Currently income-producing with month-to-month tenants in place, allowing immediate cash flow with flexibility for redevelopment. A compelling opportunity for developers and investors seeking a well-located asset in one of Jersey City's most active growth corridors. 2 tenants are on a month by month lease. Approximately 1424 square feet combined plus a backyard. Two utility meters