338 Newark Ave Jersey City, NJ 07302

Exceptional opportunity to acquire a brand-new, vacant 3,257 square foot Class A retail storefront condo in Jersey City's vibrant Village West neighborhood. Located on Newark Avenue, this single-unit property is situated in the heart of "Restaurant Row," benefiting from high foot traffic and proximity to numerous dining and entertainment establishments, including Cellar 335, White Eagle Hall, and Prato Bakery. The building, constructed and renovated in 2023, is a six-story modern condo building with 35 units. This prime location is within five blocks of the Newark Pedestrian Plaza and the Grove Street PATH station, providing easy access to public transportation. The property boasts an excellent investment profile, with over 90,000 people residing within a one-mile radius and an average household income exceeding $103,000. The property is zoned for commercial use and features a NNN lease type. The asking price is $2,100,000. Rent bumps are permitted. This is a rare opportunity to own a vacant commercial condo in a rapidly growing area with strong demographics and high demand. The property's modern design and prime location make it ideal for a variety of retail uses. The building's proximity to numerous recently completed and under-construction luxury apartment complexes ensures a consistent flow of potential customers. This is a truly exceptional investment opportunity.