178 Monticello AveJersey City, NJ 07304

Property Details for 178 Monticello Ave

Construction

FRAME

Lot size

0.04 AC

Property type

Commercial real estate

APN

06 16802-0000-00067

APU

616802000000067

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $354,823

  Hospitality

  $325,016

  Educational

  $270,410

  Medical

  $279,710

  Retail

  $420,637

Location Insight

City

Jersey City

County

Hudson

State

New Jersey

Latitude

40.7207

Longitude

-74.0702

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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