Land For Sale in Jersey City, NJ
MLS# : 240022909
PROPERTY DETAILS
PROPERTY DESCRIPTION
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!
Current Zoning & Permited Use
This listing is a courtesy of COMPASS NEW JERSEY, LLC
551-212-3870 office, listing agent WILLIAM PARKERSON
About Jersey City, NJ Real Estate Market
Jersey City currently serves as a prime hub for distribution and transportation terminus for the Port of New York and New Jersey. Ever since the redevelopment of the Jersey City Waterfront happened, Jersey City became a major hub for banking and finance in the United States of America. All these developments in these years also resulted in the development of Hudson County real estate in the city.
Consisting of most of the parts of Ellis Island, Jersey City also surrounds Liberty City through its waters in the Upper New York Bay. Thanks to its proximity and easy connectivity to Manhattan, Jersey City is also considered the sixth borough of New York City. Jersey City has some of the earliest European settlements in North America, which played a crucial role in the development of various sections of the city.
| 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 |
Jersey City Market Indicators
PRICE INDEX
| Average Price* (12mo): | $676,026 |
| Homes Sold* (12mo): | 213 |
SINGLE FAMILY HOME SALES
Jersey City, NJ
PRICE INDEX
| Average Price* (12mo): | $653,404 |
| Apatments Sold* (12mo): | 1,041 |
APARTMENT SALES
Jersey City, NJ
REAL ESTATE TAXES
| General Tax Rate (2023): | 2.246% |
| Effective Tax Rate (2023): | 1.944% |
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MADISON ADAMSTM
Ridgewood, NJ 07450
201-760-1100 (office)
201-760-1102 (fax)
| Homes : | $325,000 - 3,495,000 | 73 avail |
| Condos : | $155,000 - 6,995,000 | 409 avail |
| Co-ops : | $549,000 - 549,000 | 1 avail |
| Twnhs : | $424,999 - 1,749,000 | 11 avail |
| 2-4 Fam : | $199,900 - 3,495,000 | 120 avail |
| 5+ Fam : | $1,200,000 - 2,999,999 | 4 avail |
| Land : | $399,000 - 5,500,000 | 16 avail |
| Rentals : | $1,546 - 7,295 | 69 avail |
| Mixd Use : | $1,200,000 - 3,500,000 | 9 avail |
| Com S : | - | |
| Com L : | - | |
| Biz : | $70,000 - 2,000,000 | 7 avail |
