829 Bergen AveJersey City, NJ 07306

This exceptional 7,580 square foot commercial land parcel in Jersey City's vibrant Journal Square presents a lucrative investment opportunity. Located at 829 Bergen Avenue, this fully approved site is poised for immediate development, featuring plans for a stylish 11-story building encompassing 77 residential units. The approved design includes a mix of studio, one-bedroom, two-bedroom, and three-bedroom units, totaling a net sellable area of 49,000 square feet. The property boasts 20 parking spaces and 50 bike spaces, catering to the growing demand for convenient urban living. Its prime location, a mere 7-minute walk from the Journal Square PATH station, ensures easy access to Manhattan and other key areas. Journal Square's recent surge in development, coupled with rising rents and low vacancy rates, makes this a highly desirable and profitable venture. The asking price is $6,000,000. This is a rare chance to capitalize on the thriving Jersey City real estate market. The approved plans provide a detailed blueprint for construction, minimizing development risk and maximizing return on investment. The gross buildable area is 70,414 square feet. This property is zoned for commercial use. The address is 829 Bergen Avenue, Jersey City, NJ 07306.