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Downtown Jersey City Retail Condo
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271 Newark Ave, Jersey City, NJ 07302

Rare commercial condo with parking in Downtown Jersey City.

Property Size836 SF
Price / SF$1,166
Days on Market160

Property Features for 271 Newark Ave

General Information

Standard status Active
Size 836 SF
Property subtype Retail
Investment Type Owner/User

Building Details

Buildings 1
Stories 3
Listing Agency: United National Realty
Listed By: Michael Dukhovny · License #NY
Source: Crexi
Added: Mar 6 Changed: Aug 8 Last Checked: Aug 8 at 6:43AM

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 United National Realty

Investment Insights

Based on property information with market context.

Located on Newark Avenue in Downtown Jersey City, this commercial condo offers street-level retail space. The 836-square-foot property includes one gated parking spot at the rear. Situated near the corner of Monmouth Street, it is surrounded by new residential and retail developments. The property is a short walk from Grove Street PATH station, providing access to buses, the New York Waterway ferry, and major roadways. Previously used as a doctor’s office and currently a professional space, the property will be delivered vacant. The new owner has the option to upgrade the facade to an all-glass front for increased visibility. Flexible zoning permits any use. This property is suitable for an owner-occupant or investor.

Key Highlights

  • Prime Downtown Jersey City location on Newark Avenue with maximum visibility and high foot traffic.
  • Flexible zoning permits any use, providing diverse business opportunities.
  • Includes one gated parking spot, a rare amenity in Downtown Jersey City.

Property Analytics

Current Use

Jersey GYN Medical Clinic Serendipity Crystals (Bike/Boat/Book/etc) Store

Suggested Use

Top Pick Home Appliance Store Tanning Salon Nursing Home Adult Day Care Fish Market Buffet

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

5,197
Businesses Nearby
272k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 44% Superstores 28% Dining 16% Shops & Services 10%
BJ's Wholesale Club Superstores
76,178 visits/mo 0.5 miles
ShopRite Groceries
66,970 visits/mo 0.4 miles
99 Ranch Market Groceries
41,102 visits/mo 0.3 miles
Dunkin' Donuts Dining
18,280 visits/mo 0.4 miles
Sunoco Shops & Services
13,221 visits/mo 0.5 miles

Demographics for 07302, NJ

57,033
Population
30,163
Households
1.9
Avg Household Size
34
Median Age
80%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
40,738
Density / Sq Mi
$166,854
Median Household Income
$117,189
Median Earnings
$2,960
Median Rent
$853,700
Median Home Value

Market

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Retail space - Rare commercial condo with parking in Downtown Jersey City.
Where is this retail space located?
The property is located at 271 Newark Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime Downtown Jersey City location on Newark Avenue with maximum visibility and high foot traffic.; Flexible zoning permits any use, providing diverse business opportunities.; Includes one gated parking spot, a rare amenity in Downtown Jersey City.
(718) 979-8000 Call to check price and availability
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