301 Park Ave Hoboken, NJ 07030-3805

This exceptional mixed-use property at 301-303 Park Avenue in Hoboken, New Jersey, presents a lucrative investment opportunity. The 5,075 square foot building is comprised of five units, strategically designed to maximize rental income. Currently, the site consists of an existing structure (301 Park Ave) and an adjacent lot (303 Park Ave). All necessary plans have been approved, and the site is ready for building permits. Upon completion, the property will feature a ground floor retail space of approximately 1,103 square feet, perfectly suited for a variety of businesses. The residential component will boast two one-bedroom units and two three-bedroom units, each offering valuable outdoor space/decks. Additional storage is provided in the basement. The property boasts a desirable 21-foot frontage on Park Avenue, enhancing its visibility and appeal. The asking price for this exceptional investment is $2.7 million. This is a rare chance to acquire a fully approved, ready-to-build mixed-use property in the thriving Hoboken market, offering a blend of retail and residential income streams. The property's location in Hudson County, New Jersey, with a zip code of 07030, ensures strong tenant demand and potential for significant appreciation. The building's approximate residential square footage is 3,972 square feet.