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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

54 Sip Ave Jersey City, NJ 07306

2,850 SF
Property ID
Property summary
AI-generated overview

This Jersey City retail property at 54 Sip Ave, 07306, offers 2,850 square feet of versatile space, currently vacant. Previously occupied by a pharmacy, the space is divisible, with a minimum leasable area of 1,350 square feet. The property boasts excellent street frontage on Sip Avenue, directly adjacent to Hudson County Community College and conveniently located near the Journal Square PATH station, which sees an average of 11,564 weekday riders (2022 data). Its strategic location also places it across from the Jersey City State Office building, home to numerous state and local agencies. The surrounding area is experiencing significant new development, creating a dynamic and growing market. The property's flexible layout is ideal for various uses, including medical offices, restaurants, and pharmacies, and offers the potential for either separate or combined leasing of the two connected spaces. This prime location in the Journal Square submarket of Jersey City presents a unique opportunity for businesses seeking high visibility and accessibility. The property is situated near the intersection of Sip Avenue and Summit Avenue.

Property profile
Verified
Property type Retail properties & Spaces
Total area 2,850 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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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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