425 Summit AveJersey City, NJ 07306
- Commercial real estate
- 0.51 AC
Property Details for 425 Summit Ave
- Construction
- CONCRETE
- Lot size
- 0.51 AC
- Property type
- Commercial real estate
- APN
- 06 10704-0000-00002- 01
- APU
- 61070400000000201
Description
This exceptional Class A commercial property at 425 Summit Avenue, Jersey City, NJ 07306, offers 3,630 square feet of versatile space in a single, newly constructed (2024) building. The property is ideally suited for a variety of uses, including medical, traditional, or executive office spaces, and is currently configured for multiple tenants. Two retail spaces are available, ranging from 784 to 2,846 square feet, boasting excellent visibility on Sip Avenue and Summit Avenue. Located in the vibrant Journal Square neighborhood, this property benefits from its proximity to the PATH station, providing easy access to Manhattan. The surrounding area is experiencing significant residential growth, with 4,000 new residential units already completed and another 2,000 in development. This influx of residents creates a high-demand market for retail and office services, making this an exceptional opportunity for businesses seeking a prime location in a rapidly developing area. The property's modern design and convenient location make it an attractive option for businesses seeking a thriving and accessible environment. Ideal for cafes, medical practices, or daycare centers.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $4,203,568
- Hospitality
- $3,850,446
- Educational
- $3,203,526
- Medical
- $3,313,700
- Retail
- $4,983,262
Location Insight
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Latitude
- 40.7301
- Longitude
- -74.0618
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker?
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].