168 Coles St Jersey City, NJ 07302
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.