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    717 Newark Ave Jersey City, NJ 07306

    Sponsored
    For Sale
    $2,500,000

    Prime Jersey City location, strong rental income.

    Description

    Added:
    Feb 13, 2025
    Days on Market:
    328
    This exceptional mixed-use property in Jersey City's vibrant Journal Square is offered at $2,500,000. The 2,750 square foot lot features a ground-level commercial space with approximately 25 feet of glass frontage, two large open areas, and five offices. Above the commercial space are four residential rental units: two one-bedroom/one-bathroom units and two two-bedroom/one-bathroom units. Each unit has separate utilities and the building is equipped with sprinklers. The property's convenient location is just three blocks from the Journal Square PATH station, providing easy access to public transportation. Major highways, including I-95, Routes 1 & 9, and Route 280, are also easily accessible. All leases are month-to-month, offering flexibility for the new owner. This owner/user opportunity presents a compelling investment in a thriving Jersey City neighborhood, zoned for commercial use. The property is located at 717 Newark Avenue, Jersey City, NJ 07306, in Hudson County.

    Property Features for 717 Newark Ave

    General Information

    Property type
    Retail properties

    HighLights

    • $2,500,000 asking price.
    • Mixed‑use property: ground floor retail space and four residential units.
    • 2,750 sq ft lot size.
    • Journal Square, Jersey City, NJ location; 717 Newark Ave, 07306.
    • Ground floor retail features approximately 25' of glass frontage, two large open spaces, and five offices.
    • Residential units consist of two one‑bedroom/one‑bath and two two‑bedroom/one‑bath units.
    Property Profile Location Intelligence

    Current Use by Public Records

    Kumon Math and Reading ... Learning Center Dark Web Documents Travel Agency

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.06149067184
    Latitude
    40.735150876924

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    FAQs

    What type of property is this?
    Retail property - Prime Jersey City location, strong rental income.
    Where is this retail property located?
    The property is located at 717 Newark Ave Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: $2,500,000 asking price.; Mixed-use property: ground floor retail space and four residential units.; 2,750 sq ft lot size.
    Request Owner's contact information
    717 Newark Ave Jersey City, NJ 07306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    717 Newark Ave Jersey City, NJ 07306
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