413 Summit Ave Jersey City, NJ 07306
Property profile & analytics
Location Intelligence
Current Use by Public Records
- 413 Summit / Apartment Building
Property Details for 413 Summit Ave
- Year built
- 2023
- Property type
- Specialty properties
- Property subtype
- Retail properties & Spaces
Description
This exceptional 4,865-square-foot retail space is located at 413 Summit Avenue in Jersey City, NJ, 07306. Situated in the vibrant Journal Square neighborhood, this Class A, single-tenant property boasts a prominent 40-foot frontage and benefits from a high daily traffic count of 17,020 vehicles. The space is delivered as a vanilla box, offering a blank canvas for customization, and features a generous 22-foot ceiling height. The property is part of a state-of-the-art, 19-story building completed in 2023, including 148 residential units. Its strategic location within the Central Business District, a densely populated area with a median age of 34 and 21,681 residents, ensures high visibility and foot traffic. The property enjoys proximity to key amenities and transportation hubs, including the JSQ PATH station (less than a 5-minute walk), the new Pompidou Museum (under 100 feet), Starbucks, CityMD, FlipSigi, and Hudson Community College. The area also benefits from a significant residential development pipeline of approximately 15,000 rental units, promising continued growth and increased consumer traffic. The lease type is NNN. One parking space is available. The building features an elevator. The cross street is Sip Avenue.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0619
- Latitude
- 40.7296
