54 Sip Ave Jersey City, NJ 07306
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.
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.