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