MLS# : 240022897
Prime Development Opportunity in Downtown Jersey City! Introducing 306-310 Newark Ave, a rarely available development site in the heart of Jersey City’s vibrant downtown. This unique property comes with approved plans for a 12-unit residential building, complete with a versatile commercial space on the ground floor—ideal for attracting retail or service businesses to cater to this bustling neighborhood. Strategically located just a 10-minute walk to the Grove Street PATH station and near the popular pedestrian plaza, this site offers unmatched convenience for commuters, providing a quick and easy transit option to NYC. Downtown Jersey City’s continued growth, coupled with limited availability of development-ready sites, makes this an exceptional investment opportunity. Seize the chance to build in a sought-after area with high rental demand and close proximity to dining, entertainment, and key transit hubs. Don’t miss out on adding this rare asset to your portfolio!
This listing is a courtesy of COMPASS NEW JERSEY, LLC
551-212-3870 office, listing agent WILLIAM PARKERSON
Population: | 267,345 |
Total Housing Units: | 104,018 |
Single Family Homes: | 36,684 |
Apartments: | 67,334 |
General Tax Rate (2023): | 2.246% |
Effective Tax Rate (2023): | 1.944% |
Compare To Other Towns |
Average Price* (12mo): | $653,404 |
Apatments Sold* (12mo): | 1,041 |
Homes : | $349,000 - 3,495,000 | 72 avail |
Condos : | $155,000 - 6,995,000 | 430 avail |
Co-ops : | $549,000 - 549,000 | 1 avail |
Twnhs : | $424,999 - 1,749,000 | 12 avail |
2-4 Fam : | $199,900 - 3,495,000 | 137 avail |
5+ Fam : | $1,200,000 - 2,999,999 | 5 avail |
Land : | $399,000 - 5,500,000 | 18 avail |
Rentals : | $1,546 - 7,295 | 66 avail |
Mixd Use : | $1,200,000 - 3,500,000 | 10 avail |
Com S : | - | |
Com L : | - | |
Biz : | $70,000 - 2,000,000 | 7 avail |
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All information deemed reliable but not guaranteed. Last date updated: 11/27/2024 00:05 AM
Source: New Jersey Multiple Listing Service, Inc.
“©2024 New Jersey Multiple Listing Service, Inc. All rights reserved.”
General Tax Rate is used to determine the amount of real estate tax levied upon a particular property. This rate is used to compute the tax bill.
Effective Tax Rate is used to compare of one district to another district based on the assumption that all districts are at 100% valuation. This rate has been computed by the State of New Jersey Department of the Treasury using County Equalization Average Ratios. This rate is NOT to be used to compute the tax bill.
Data Source: US Census 2010, NJ MLS, State of New Jersey Department of the Treasury
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