311 Bergen Ave, Jersey City, NJ 07305-1617
This exceptional 20,953 square foot commercial lot, located at 311-315 Bergen Avenue in Jersey City, New Jersey (zip code 07305), presents a remarkable development opportunity. Situated in the Green Villa Redevelopment - Zone A, this property is zoned for a mixed-use development. Preliminary plans suggest the potential for a substantial project encompassing approximately 35 residential units, 1-2 commercial units, and 39 parking spaces. The site's strategic location offers significant advantages. Its proximity to the West Side Avenue Light Rail Station ensures convenient public transportation access, while nearby existing and under-construction multi-family buildings and retail establishments indicate a strong potential for future occupancy and rental demand. The asking price for this prime development land is $2,200,000. This represents a unique chance to capitalize on the burgeoning Jersey City real estate market and create a thriving mixed-use development in a highly desirable location. The property's size and zoning make it ideal for a multi-family building with ground floor retail, catering to the growing needs of the community. This is a rare opportunity to acquire a large, well-located parcel in a rapidly developing area of Jersey City.
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Carlito's Auto Repair Auto Repair Shop
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
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.