Mixed-Use Brick
500 OCEAN AVE, Jersey City, NJ 07305
For Sale
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Brick mixed-use property with ground-floor bar space, two residential units, private backyard, and an unfinished basement.
Property SizeContact for details
Days on Market150
Property Features for 500 OCEAN AVE
General Information
Standard status
Property subtype
Investment Type
Building Details
Buildings
Stories
Units
Tenancy
Listing Agency:
Prominent Properties Commercial
Listed By:
Basilio Rivera · License NJ #1008875
(201) 333-7717
Source:
Crexi
Added: Jun 18
Changed: Oct 31
Last Checked: Nov 12 at 6:58AM
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 Prominent Properties Commercial
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Investment Insights
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This solid brick mixed-use property includes two residential units, each offering two bedrooms and one bathroom, along with a ground-floor commercial space that previously operated as a bar. The building also has a private backyard and a full unfinished basement, providing additional storage and workspace for future improvements. The property will require TLC and updating, making it well-suited for buyers who plan to renovate and reposition. Separate tenant-paid utilities are in place, which can help streamline day-to-day operating responsibilities.
The location is described as convenient to the Hudson-Bergen Light Rail, with easy access to Jersey City and Manhattan and surrounding employment centers. That proximity can support ongoing leasing and customer traffic depending on how the commercial space is ultimately used.
A Type 33 Plenary Retail Consumption License is available for purchase separately, offering added flexibility for an owner-operator or investor planning food and beverage service. With residential and commercial components under one roof, this layout can fit a range of live-work, entrepreneurial, and income-focused strategies while giving the new owner the ability to define the property’s next chapter through targeted updates.
The location is described as convenient to the Hudson-Bergen Light Rail, with easy access to Jersey City and Manhattan and surrounding employment centers. That proximity can support ongoing leasing and customer traffic depending on how the commercial space is ultimately used.
A Type 33 Plenary Retail Consumption License is available for purchase separately, offering added flexibility for an owner-operator or investor planning food and beverage service. With residential and commercial components under one roof, this layout can fit a range of live-work, entrepreneurial, and income-focused strategies while giving the new owner the ability to define the property’s next chapter through targeted updates.
Key Highlights
- Brick mixed‑use property with ground‑floor commercial space (formerly a bar), plus two residential units
- Two residential units, each with 2 bedrooms and 1 bathroom
- Private backyard and a full unfinished basement for additional storage or future improvement
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,362
Businesses Nearby
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Business Placement
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
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Market
Properties on Market for Duplexes in Jersey City
Vacancy Rate% for Multifamily in Northeast region
Frequently Asked Questions
What type of property is this?
Duplex - Brick mixed-use property with ground-floor bar space, two residential units, private backyard, and an unfinished basement.
Where is this duplex located?
The property is located at 500 OCEAN AVE Jersey City, NJ.
What are key features of this property?
This property features: Brick mixed‑use property with ground‑floor commercial space (formerly a bar), plus two residential units; Two residential units, each with 2 bedrooms and 1 bathroom; Private backyard and a full unfinished basement for additional storage or future improvement
