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Property profile

54 Sip Ave Jersey City, NJ 07306

OFF-MARKET
Retail properties & Spaces
2,850 SF
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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

Location

54 Sip Ave Jersey City, NJ 07306
Jersey City metro
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Value estimations

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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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