20,000-sf Redevelopment Site in JC Land FOR SALE


Jersey City, NJ - McGinley Square9,583 SF
$4,500,000 USD
551-556-3738
, Jersey City, NJ for Sale
$4,500,000 USD
Land - FOR SALE
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20,000-sf Redevelopment Site in JC
Jersey City, NJ
McGinley Square


HIGHLIGHTS

  • Seven lots
  • Redevelopment Plan Area
  • Existing Mixed-Use structures
  • Car Dealership and Auto Repair Shop
  • Approx 20,000 sf
  • Build up to 5 stories as of right, 7 w/ affordable housing

OVERVIEW

Currently owner-occupied, this approximately 20,000 SF portfolio consists of seven lots located in the Bergen-Lafayette section of Jersey City within the Morris Canal Redevelopment Plan. The site allows for development of up to five stories as-of-right, with the potential to build up to seven stories through inclusion of an affordable housing component. This offering presents a compelling development opportunity, enabling an investor to generate near-term income while positioning the property for future redevelopment. Seller financing is available. - Car Dealership (709-711 Grand St) - Mixed-use building (701-703 Grand St): 3-bed, 2-bath apartment Fusion Cafe w/kitchen Locksmith shop - Parking Lot (701 Grand St) - Auto Repair Shop (1097 Garfield Ave) w/paint booth. Previously an auto body shop. Auto Body license can be obtained. - Car lot (14-6 Summit Ave) Collective Square Footage 19,850 sf - IRR

ASK ABOUT THIS PROPERTY

Kelly BastidasWest Hoboken ResidentialMore Info
551-556-3738

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Kelly BastidasWest Hoboken ResidentialMore Info
551-556-3738

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.