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Mixed-Use Property with Apartments
For Sale
$1,100,000

305 Summit Ave, Jersey City, NJ 07306

A store and residential units are located near Journal Square path for commuter-oriented access.

Property Size999 SF
Days on Market203

Property Features for 305 Summit Ave

General Information

Standard status Active
Size 999 SF
Property subtype Commercial
Zoning residential

Additional Details

Multifamily Units 2

Building Details

Building Size 999 SF
Year Built 1900
Stories 2
Units 3
Listing Agency: Exit Realty Lucky Associates
Listed By: Alexandra Corticada
Source: Betterhomerealestate
Added: Feb 9 Changed: Aug 29 Last Checked: Aug 30 at 5:34PM

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 Exit Realty Lucky Associates

Investment Insights

Based on property information with market context.

Built in 1900, this mixed-use property combines a store with two apartments. Each apartment includes two bedrooms, a kitchen, a living room, and a full bathroom, creating a defined residential layout within the building. The store includes a half bathroom and is equipped with central AC and forced hot air.

The property is located at 305 Summit Ave in Jersey City, near Journal Square path. Residential zoning is identified for the property, while the existing configuration includes both commercial and apartment space. The combination of a storefront and two-bedroom apartments provides a compact mixed-use arrangement at a transit-oriented Jersey City location.

Key Highlights

  • Store paired with 2 apartments
  • Each apartment has 2 bedrooms, kitchen, living room, and full bathroom
  • Store includes a half bathroom

Property Analytics

Current Use

Ali Baba Grocery ... Grocery & Convenience Store Julio Mini Market Grocery & Convenience Store Rio Deli & Grocery Grocery & Convenience Store

Suggested Use

Top Pick Nursing Home (Bike/Boat/Book/etc) Store Tanning Salon Pet Store Tattoo & Piercing Shop Adult Day Care

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

Lease Details

2
Residential units

Location Intelligence

Trade Area within ½ mile

4,410
Businesses Nearby

Demographics for 07306, NJ

55,342
Population
24,770
Households
2.2
Avg Household Size
34
Median Age
50%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
18,447
Density / Sq Mi
$75,861
Median Household Income
$49,522
Median Earnings
$1,619
Median Rent
$502,600
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
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Frequently Asked Questions

What type of property is this?
Mixed-use property - A store and residential units are located near Journal Square path for commuter-oriented access.
Where is this mixed-use property located?
The property is located at 305 Summit Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Store paired with 2 apartments; Each apartment has 2 bedrooms, kitchen, living room, and full bathroom; Store includes a half bathroom
More about this property
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