Jersey City Mixed-Use Investment
1076 SUMMIT AVE JC, Jersey City, NJ 07307
Mixed-use property with eight units, five recently renovated.
- Added:
- May 1, 2025
- Days on Market:
- 399
- Last Refresh:
- Mar 16 at 9:09 am
Property Features for 1076 SUMMIT AVE JC
General Information
- Standard status
- Active
Listing agent JOACHIM HORVITZ
Listing office COMPASS NEW JERSEY, LLC
Listing date May 1, 2025
Source Corcoran
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of COMPASS NEW JERSEY, LLC
HighLights
- Mixed‑use commercial property with 8 units in Jersey City Heights, offering a diverse income stream.
- Five units recently renovated with new central air, layouts, and styling.
- Significant structural upgrades including reframed commercial level, new electrical service, updated gas and sewer lines, and new steel cellar door.
- Exterior improvements include new shop windows/doors, restored cast iron entrance, new siding, repaved parking lot, and rebuilt cornice.
- Three residential units and two storefronts completely gut renovated with new kitchens, bathrooms, HVAC, and ADA‑compliant bathrooms in commercial spaces.
- Potential for increased rent roll by renovating the remaining three units, offering significant upside.
Overview
Located in the heart of Jersey City Heights, 1076 Summit Avenue is a commercial mixed-use property situated on a 3,200 square foot lot. The building features eight units, with five having been recently renovated to include modern amenities such as new central air systems and updated layouts. The exterior has been updated to restore its original character. Structural renovations include reframed and reinforced existing framing at the commercial level, a new electrical service with a line extended from the street, and updated gas and sewer lines. A new steel cellar door and a newly installed skylight have been added. Exterior improvements feature new shop windows and doors for commercial spaces, a restored cast iron column entrance, new siding on the ground level, and a fresh repaint of upper levels. The cornice has been rebuilt, incorporating original elements where possible. The staircase railings and banisters have been refinished, and the parking lot has been repaved and striped. Fob key front door access with video surveillance ensures enhanced security. Three of the residential units and the two storefronts have been completely renovated. These residential units feature new framing and sheetrock, new kitchens and bathrooms, as well as central heating and cooling. The commercial interiors have been transformed with open layouts, each featuring an ADA-compliant bathroom and new HVAC systems. Restored original high ceilings and shop windows highlight the blend of historical character and contemporary style. The property is located in a convenient area for commuters, close to the Hudson-Bergen Light Rail Elevator and numerous bus routes to NYC. A new NJ Green Card is expected in 2024. There is potential for an increased rent roll upon renovating the other three units when they become available.
Property Profile
Location Intelligence
Current Use by Public Records
Storefront properties
Location Insight
- Map
- Local Demand
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0486
- Latitude
- 40.7514
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with eight units, five recently renovated.
Where is this mixed-use property located?
The property is located at 1076 SUMMIT AVE JC Jersey City, NJ.
What is the asking price?
The asking price for this property is $2,450,000.
What are key features of this property?
This property features: Mixed‑use commercial property with 8 units in Jersey City Heights, offering a diverse income stream.; Five units recently renovated with new central air, layouts, and styling.; Significant structural upgrades including reframed commercial level, new electrical service, updated gas and sewer lines, and new steel cellar door.
