598 -614 Tonnelle AveJersey City, NJ 07307

Property Details for 598 -614 Tonnelle Ave

Lot size

0.90 AC

Property type

Other commercial real estate

Property subtype

Other land

Description

This exceptional 0.9-acre commercial land parcel in Jersey City, NJ, presents a remarkable investment opportunity. Located at 598-614 Tonnelle Avenue, this property boasts 255 feet of frontage, ensuring high visibility due to heavy daily traffic. A proposed development plan, designed by Michael Capo AIA Architect LLC, envisions a mixed-use strip mall totaling 18,240 square feet. The ground floor would encompass 8,032 square feet of retail space, divided into eleven units ranging from 720 to 831 square feet, with 408 square feet of common area. The second floor offers 9,820 square feet of office space, divided into nine units ranging from 660 to 1,220 square feet, with 1,356 square feet of common area. The property features a convenient 30-foot perimeter setback, providing ample parking for 37 vehicles. Its location in Hudson County, with easy access to major transportation routes, makes it highly desirable for businesses seeking a prominent presence in a thriving area. The property is being offered as a 1031 exchange opportunity, and the asking price is $9,500,000. This is an ideal investment for those seeking high-visibility commercial space in a prime Jersey City location. The deep lot and significant street frontage offer unparalleled potential for a variety of commercial ventures.

Location Insight

City

Jersey City

County

Hudson

State

New Jersey

Latitude

40.7514

Longitude

-74.0585

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