Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
-
Auto Repair Shop
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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