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Residential Income Property for Reconstruction
For Sale
$349,000
Pending

63 Wegman Pkwy, Jersey City, NJ 07305

Fire-damaged residential income asset offered for redevelopment in its existing location.

Property SizeContact for details
Days on Market563

Property Features for 63 Wegman Pkwy

General Information

Standard status Pending
Property subtype Residential Income

Property Condition

Severity Major Repairs Needed
Evidence FIRE DAMANAGE PROPERTY NEEDS COMPLETE GUT
Listing Agency: WEICHERT REALTORS
Listed By: SANDY CUEVAS · License #300178
Source: Exprealty
Added: Feb 16, 2025 Changed: Aug 31 Last Checked: Sep 2 at 1:24AM

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 WEICHERT REALTORS

Investment Insights

Based on property information with market context.

This residential income property has sustained fire damage and requires a complete interior gut renovation or possible demolition. The property is being offered in its current as-is condition, with no interior access available because of the building’s condition.

Due diligence is limited to a drive-by review at 63 Wegman Pkwy in Jersey City, New Jersey. The sale is identified as a short sale, and prospective purchasers should evaluate the structure and redevelopment requirements without entering the property.

Key Highlights

  • Fire‑damaged residential income property
  • Complete interior gut renovation may be required
  • Possible demolition due to existing condition

Property Analytics

Current Use

Residential income properties

Suggested Use

Top Pick Law Firm Real Estate Agency Dental Office Parking Lot & Garage Skin Care Clinic Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,362
Businesses Nearby

Demographics for 07305, NJ

67,947
Population
28,297
Households
2.4
Avg Household Size
36
Median Age
35%
College-Educated
88%
High-School Grad
5.7 sq mi
ZIP Area
11,921
Density / Sq Mi
$77,126
Median Household Income
$47,822
Median Earnings
$1,610
Median Rent
$418,200
Median Home Value
Rey
Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Residential income property - Fire-damaged residential income asset offered for redevelopment in its existing location.
Where is this residential income property located?
The property is located at 63 Wegman Pkwy Jersey City, NJ.
What is the asking price?
The asking price for this property is $349,000.
What are key features of this property?
This property features: Fire‑damaged residential income property; Complete interior gut renovation may be required; Possible demolition due to existing condition
More about this property
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