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    168 Coles St Jersey City, NJ 07302

    Sponsored
    For Sale
    $389,000

    800 sq ft Executive Office, Vacant

    Property size:
    800 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 800-square-foot commercial condo is ideally situated in the heart of Downtown Jersey City, near Hamilton Park. Priced at $389,000 ($486.25/sq ft), this vacant unit offers a unique opportunity for immediate occupancy, starting May 1, 2024. The ground-floor space boasts a full bath and kitchenette, providing a flexible layout adaptable to various business needs. The property presents a blank canvas for customization, allowing for the creation of a bespoke office environment. Importantly, the building has already received preliminary approval for conversion to a residential unit, offering significant potential for future use. However, prospective buyers are strongly encouraged to conduct their own due diligence with the municipality regarding this conversion possibility. Architectural plans are available upon request to assist in this process. This prime location in the thriving Downtown Jersey City area offers both immediate commercial use and exciting long-term possibilities. Seize this opportunity to establish your business in a vibrant and convenient setting. The property is a single unit within the building.

    Property Features for 168 Coles St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    800 SF

    Building Details

    Units
    1

    HighLights

    • $389,000 asking price for this 800 sq ft office condo.
    • Located in Downtown Jersey City, NJ, near Hamilton Park.
    • Vacant, ready for immediate occupancy on May 1, 2024.
    • Features a full bath and kitchenette.
    • Approved for potential residential conversion (buyer to verify).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

    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
    -74.046554
    Latitude
    40.728357

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    FAQs

    What type of property is this?
    Office Property / Space - 800 sq ft Executive Office, Vacant
    Where is this office property / space located?
    The property is located at 168 Coles St Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: $389,000 asking price for this 800 sq ft office condo.; Located in Downtown Jersey City, NJ, near Hamilton Park.; Vacant, ready for immediate occupancy on May 1, 2024.
    (201) 627-4947
    Request Owner's contact information
    168 Coles St Jersey City, NJ 07302
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    Jersey City, NJ 07302
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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
    168 Coles St Jersey City, NJ 07302
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