510 Summit Ave Jersey City, NJ 07306
- Commercial real estate
- 0.09 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 510 Summit Ave
- Construction
- STONE
- Lot size
- 0.09 lot acres
- Zone code
- C-1
- Property type
- Commercial real estate
- APN
- 06 09605-0000-00005
- APU
- 609605000000005
Description
This exceptional 6,800 square foot retail property, located at 510 Summit Avenue in Jersey City, New Jersey, presents a unique investment opportunity. Situated in the heart of the Journal Square Redevelopment area, this landmark building, constructed in 1690, boasts a rich history and prime visibility. The property is currently configured as a restaurant space and includes a valuable liquor license. An expansive 3,000 square foot outdoor patio area is also available, perfect for al fresco dining or additional retail space. Benefitting from exceptionally high foot traffic, both day and night, this location enjoys unparalleled accessibility, being directly across from the Journal Square PATH station. Recent renovations have modernized the space, ensuring a move-in ready condition. The property's strategic location is further enhanced by its proximity to a newly constructed 300,000 square foot office building and 3,000 residential units, guaranteeing a robust and diverse customer base. This is a rare chance to acquire a fully operational restaurant space with a liquor license in a rapidly developing and highly desirable area of Jersey City. The zip code is 07306.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0602
- Latitude
- 40.7312
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
