This exceptional 2-story commercial property at 633 Newark Avenue, Jersey City, NJ 07306, offers a unique opportunity for a variety of businesses. Boasting 3,047 square feet of vacant space, this building, originally constructed in 1900 and extensively renovated in 2024, presents a blend of historic charm and modern functionality. The property features a massive open space with a window storefront, perfectly suited for high visibility retail or restaurant operations. Its zoning allows for a wide range of commercial uses, including retail, restaurant, food and beverage establishments, and even healthcare-related businesses. The flexible space is ideal for businesses seeking high foot traffic and convenient access to public transportation. Adding to its appeal is a substantial 914 square foot basement area, providing ample additional storage or operational space. Located in the vibrant Journal Square submarket, between Summit and Pavonia Avenues, this property benefits from excellent walk-by and drive-by traffic. On-street parking is available. The building's multiple tenancy capacity makes it suitable for a variety of business models. This is a rare opportunity to secure a prime commercial space in a thriving Jersey City neighborhood.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
Alternative Use
Use
Valuation
Residential
$499,591
Hospitality
$457,623
Educational
$380,737
Medical
$393,831
Retail
$592,257
Location Insight
City
Jersey City
County
Hudson
State
New Jersey
Latitude
40.7334
Longitude
-74.0585
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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