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. Prime development site allows for development of up to seven stories, 100+ units. 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
Permitted Principal Uses:
1. Residential above the ground floor
2. Medical offices
3. Child Day Care Centers and Adult Day Cares
4. Community facilities
5. Parks
6. Public utilities, except that natural gas transmission lines shall be prohibited
7. Offices
8. Health care facilities, except for health care facilities that provide any type of residential accommodation.
9. Veterinary services and animal grooming facilities
10. Incubator spaces
11. Retail sales of goods and services, except for drive-through pick-up
12. Restaurants, cafes, banquet and catering facilities
13. Bars
14. Distilleries and microbreweries
15. Financial Institutions
16. Houses of worship
17. Galleries and theaters
18. Health clubs