510 Summit AveJersey City, NJ 07306

Property Details for 510 Summit Ave

Construction

STONE

Lot size

0.09 AC

Zone code

C-1

Property type

Commercial real estate

APN

06 09605-0000-00005

APU

609605000000005

Description

This exceptional 6,800 square foot retail property, located at 510 Summit Avenue in Jersey City, New Jersey, presents a unique investment opportunity. Situated in the heart of the Journal Square Redevelopment area, this landmark building, constructed in 1690, boasts a rich history and prime visibility. The property is currently configured as a restaurant space and includes a valuable liquor license. An expansive 3,000 square foot outdoor patio area is also available, perfect for al fresco dining or additional retail space. Benefitting from exceptionally high foot traffic, both day and night, this location enjoys unparalleled accessibility, being directly across from the Journal Square PATH station. Recent renovations have modernized the space, ensuring a move-in ready condition. The property's strategic location is further enhanced by its proximity to a newly constructed 300,000 square foot office building and 3,000 residential units, guaranteeing a robust and diverse customer base. This is a rare chance to acquire a fully operational restaurant space with a liquor license in a rapidly developing and highly desirable area of Jersey City. The zip code is 07306.

• Alternative Use

  Use

  Valuation

  Residential

  $747,684

  Hospitality

  $684,874

  Educational

  $569,807

  Medical

  $589,404

  Retail

  $886,367

Location Insight

City

Jersey City

County

Hudson

State

New Jersey

Latitude

40.7312

Longitude

-74.0602

CBSA code

35620

CBSA name

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

Property Tax & Assessments

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