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    374 Communipaw Ave Jersey City, NJ 07304

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    For Lease
    Contact for pricing

    New Construction, 2,383 SF, High Visibility

    Lot size:
    33,040 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 2,383-square-foot retail space, located at 374 Communipaw Avenue in Jersey City, New Jersey, presents a unique investment opportunity. Built in 2022, this single-tenant property is part of a vibrant, mixed-use development. The building itself boasts five stories and a total of 33,040 square feet, offering significant potential for growth and expansion. Situated in the Bergen-Lafayette section of Jersey City, this street-level retail space benefits from high visibility and convenient access. The property is zoned Morris Canal, providing flexibility for a variety of retail uses. Its location within a thriving community, underscored by the presence of 40 residential rental units above, ensures a consistent flow of potential customers. The property's modern construction and prime location make it an ideal space for businesses seeking a strong foothold in a rapidly growing market. The address is 374 Communipaw Avenue, Jersey City, NJ 07304, within Hudson County. This is a single-tenant space offering a blank canvas for a discerning retailer. The property's convenient location and modern design make it an attractive option for a variety of businesses. The building's strategic placement within a mixed-use development ensures a steady stream of foot traffic and potential customers.

    Property Features for 374 Communipaw Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    33,040 SF

    Building Details

    Year Built
    2022
    Stories
    5

    Unit(s) available at that property

    Space
    Size
    2,383 SF

    HighLights

    • New construction, 40‑unit residential building.
    • 1,630 SF retail space in Jersey City's Bergen‑Lafayette neighborhood.
    • Includes a 500 SF rear yard.
    • Turnkey condition (Vanilla Box Delivery).
    Property Profile Location Intelligence

    Current Use by Public Records

    The Bedford Apartment Rental Agency

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.063286
    Latitude
    40.712295

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    FAQs

    What type of property is this?
    Retail property - New Construction, 2,383 SF, High Visibility
    Where is this retail property located?
    The property is located at 374 Communipaw Ave Jersey City, NJ.
    What are key features of this property?
    This property features: New construction, 40-unit residential building.; 1,630 SF retail space in Jersey City's Bergen-Lafayette neighborhood.; Includes a 500 SF rear yard.
    Request Owner's contact information
    374 Communipaw Ave Jersey City, NJ 07304
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    Jersey City, NJ 07304
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    374 Communipaw Ave Jersey City, NJ 07304
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