475 Communipaw AveJersey City, NJ 07304

  • Commercial real estate
  • 0.26 AC
For Lease
$40/SF/YR View listing

Property Details for 475 Communipaw Ave

Construction
BRICK
Lot size
0.26 AC
Property type
Commercial real estate
APN
06 17206-0000-00012
APU
617206000000012

Description

This exceptional retail opportunity is located at 475 Communipaw Avenue, a prime location boasting high visibility and significant traffic volume. The property is part of a newly constructed, five-story building featuring 40 residential units, ensuring a consistent flow of potential customers. The available space, situated on the ground floor, offers multiple configurations ranging from 1,400 to 2,500 square feet, with the potential to combine units for a total of 5,600 square feet. Three street frontages on Communipaw and Garfield/Harmon Streets provide unparalleled exposure to over 10,000 vehicles daily. The building features a modern design with 15-foot ceilings, creating a spacious and inviting atmosphere. Ideal for a variety of uses, including coworking, medical offices, or restaurants, this property presents a unique chance to establish a thriving business in a vibrant, high-traffic area. The building's strategic location at a four-way corner intersection further enhances its visibility and accessibility. With 80 feet of frontage on Communipaw Avenue and 110 feet on Garfield Avenue, this property offers an unparalleled opportunity for maximum brand exposure. The building consists of one structure with three available suites. The building was completed in 2023.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,177,007
    Hospitality
    $1,994,126
    Educational
    $1,659,090
    Medical
    $1,716,148
    Retail
    $2,580,806

Location Insight

City
Jersey City
County
Hudson
State
New Jersey
Latitude
40.7148
Longitude
-74.0675
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$13,778
$2,795,800
$100,000
$2,895,800
-
$2,795,800
$100,000
$2,895,800

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