Listing Agency: Grid Real Estate LLC Show Phone

Listed By: Gregory Edgell · License #NJ 1541991

Source: Crexi

Added: Mar 11 Changed: Aug 8 Last Checked: Aug 12 at 10:54AM

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Investment Insights

Based on property information with market context.

This commercial land parcel is fully approved with the appeal period expired. It is a 100% market-rate property with no affordable component. The property features significant frontage, measuring 285+ feet across two streets. Favorable environmental and geotechnical conditions are present, with Phase 1 and 2 assessments complete. The location is positioned between two PATH stations, offering convenient access to transportation.

Key Highlights

• Fully Approved — Appeal Period Expired
• Significant Frontage — 285'+ Across Two Streets
• 100% Market Rate — No Affordable Component

Property Analytics

Property Profile

Current Use

Commercial land

Suggested Use

Top Pick Nursing Home Veterinary Clinic Tanning Salon (Bike/Boat/Book/etc) Store Adult Day Care 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

5,178

Businesses Nearby

Explore this area Business Placement

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

Questions? Ask Rey

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What type of property is this? Where is this commercial land located? What is the asking price? Find similar properties ... What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Commercial land - Market-rate land parcel with significant frontage near PATH stations.

Where is this commercial land located?

The property is located at 493 Newark Ave Jersey City, NJ.

What is the asking price?

The asking price for this property is $3,750,000.

What are key features of this property?

This property features: Fully Approved — Appeal Period Expired; Significant Frontage — **285'+ Across Two Streets**; 100% Market Rate — No Affordable Component