178 Monticello AveJersey City, NJ 07304

This exceptional 1,875 sq ft lot at 178 Monticello Ave, Jersey City, NJ 07304, is a fully approved development site ready for construction. Located on a prime corner lot at the intersection of Monticello and Gardner Avenues, this property boasts a mixed-use zoning designation, allowing for a vibrant blend of residential and commercial spaces. Approved plans are available for an eight-unit building, comprising two studios, four one-bedroom units, two two-bedroom units, and a sizable 800 sq ft retail space. The existing structure has been demolished, eliminating the need for costly demolition work, and significantly reducing development timelines. The area is experiencing a surge in new construction, indicating a strong and growing market for both residential and commercial properties. This presents a unique opportunity for investors and developers to capitalize on the thriving Jersey City real estate market. The asking price is $950,000. The property's location within a dynamic and rapidly developing neighborhood ensures high occupancy rates and strong rental income potential. This is a turnkey opportunity to build a profitable mixed-use development in a highly sought-after location. Contact us today to learn more and review the approved plans.