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Property profile & analytics
OFF-MARKET
Office Spaces

168 Coles St Jersey City, NJ 07302

800 SF
Property ID
Property summary
AI-generated overview

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 profile
Verified
Property type Office Spaces
Total area 800 SF
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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