$1,175,000
$1,350,000
13.0%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 02/01/2024
Key Details
Sold Price $1,175,000
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 230010544
Sold Date 02/01/24
Annual Tax Amount $12,824
Tax Year 2022
Lot Dimensions 25x127
Property Description
Rarely Available Mixed Use Boutique Development Site For Sale on one of Jersey City’s most valuable retail and residential corridors. This 25 x 127 lot can be developed AS OF RIGHT to a 5 story, 12,500 Gross Buildable SQ FT project. There is in place income to cover holding costs while plans are devised. Condo prices are at around $600/SF for similar projects which would yield a sellout of approx. $5.6M. Can also be a great site for a retail end-user.
Location
State NJ
County Hudson
Area Jc Heights
Zoning Neighborhood Commercial
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Bought with WEICHERT REALTORS
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Broker | Lic# 9798051