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    48 Sip Ave Jersey City, NJ 07306

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    For Lease
    $5,500 /Mo ($44 SF/Yr)

    Retail space near Hudson County Community College and Journal Square.

    Property size:
    1,500 SF
    Lot size:
    0.24 Acres

    Property Features for 48 Sip Ave

    General Information

    Size
    1,500 SF
    Lot size
    0.24 Acres

    Source: RES Commercial Agent Jeffrey Angel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Retail Space Near Journal Square

    This retail space is located next to Hudson County Community College and provides access to a walking path leading to the Journal Square PATH station, which sees approximately 11,564 average weekday riders as of 2022. The property is situated across from the Jersey City State Office building, which houses state and local agencies, including the DMV. The surrounding area is experiencing new development. Available for immediate possession, this 1,500-square-foot space is suitable for various uses, including food-related businesses.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    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
    -74.0615067
    Latitude
    40.7305892

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    FAQs

    What type of property is this?
    Retail space - Retail space near Hudson County Community College and Journal Square.
    Where is this retail space located?
    The property is located at 48 Sip Ave Jersey City, NJ.
    What is the lease rate?
    The lease rate is $44 SF/Yr.
    What are key features of this property?
    This property features: - Prime location next to Hudson County Community College; - Direct access to walking path leading to Journal Square PATH station; - High foot traffic area with proximity to the Jersey City State Office building
    (212) 719-7017
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    48 Sip 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
    48 Sip Ave Jersey City, NJ 07306
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