442 West Side Ave

Description

For the first time in nearly five decades, 442 West Side Avenue in the heart of Jersey City's West Bergen neighborhood is on the market — and it's one of the most compelling mixed-use development opportunities to hit this corridor in years. Home to the beloved Elio's Bakery for over 46 years, this property sits on an oversized 27x113 lot zoned NC-1, which permits a ground-floor retail space with up to four additional stories of residential apartments above — making the highest and best use of this site a full five-story mixed-use building that maximizes both rental income and long-term asset value. The sale includes the entire building and all bakery contents, appliances, fixtures, and equipment, along with a three-car rear garage that can generate supplemental income while the new owner pursues city approvals for redevelopment. The existing structure features a full basement for storage, a walk-in refrigerator, and a dumbwaiter accessible from all three current stories, including two stories of a mix of ovens, stoves, and so much more — offering a turnkey path to reopen as a fully operational bakery in the interim or lease the ground floor to a commercial tenant while building out the residential upside above. Sold completely as-is, this is a rare chance to acquire a legacy property with real development upside in one of Jersey City's most established neighborhoods. Inquire today for a private tour.