Development Opportunity in Jersey
For Sale
$589,000
162 SUMMIT AVE JC, Jersey City, NJ 07304
Development-ready lot with approved plans for immediate construction.
Property SizeContact for details
Days on Market142
Property Features for 162 SUMMIT AVE JC
General Information
Standard status
Active
Property subtype
Land or Vacant Lot
Listing Agency:
SKY REALTY INTERNATIONAL LLC
(201) 301-8400
Listed By:
REISHA BAKER
Source:
Corcoran
Added: Mar 25
Changed: Aug 8
Last Checked: Aug 8 at 2:36PM
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 SKY REALTY INTERNATIONAL LLC
Investment Insights
Based on property information with market context.
This development-ready lot is located at 162 Summit Ave in Jersey City, in close proximity to the Journal Square area. Approved plans are in place to construct either three condominiums or a three-family home, with the potential to add a fourth unit. The property is suitable for new construction, offering an opportunity to develop housing in a sought-after area. The location is within a 10 to 15-minute walk to the PATH train station, restaurants, cafes, and bus routes.
Key Highlights
- Approved plans for 3 condos or a 3‑family home (with potential for a 4th unit).
- Development‑ready lot** in a prime Jersey City location.
- Turnkey opportunity for investors and developers.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
2,973
Businesses Nearby
Explore this area
Business Placement
Demographics for 07304, NJ
48,681
Population
21,211
Households
2.3
Avg Household Size
35
Median Age
40%
College-Educated
90%
High-School Grad
2.1 sq mi
ZIP Area
23,181
Density / Sq Mi
$68,432
Median Household Income
$47,673
Median Earnings
$1,572
Median Rent
$489,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential land & home lot - Development-ready lot with approved plans for immediate construction.
Where is this residential land & home lot located?
The property is located at 162 SUMMIT AVE JC Jersey City, NJ.
What is the asking price?
The asking price for this property is $589,000.
What are key features of this property?
This property features: Approved plans for **3 condos or a 3‑family home** (with potential for a 4th unit).; Development‑ready lot** in a prime Jersey City location.; Turnkey opportunity for investors and developers.
