Property profile

311 Bergen Ave Jersey City, NJ 07305

OFF-MARKET
Gas stations
Property ID
US59-1146864
0.33 ac lot
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

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

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Construction CONCRETE BLOCKS
Lot 0.33 ac (14,201 SF)
APN 06 22405-0000-00003
UPID US59-1146864

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

311 Bergen Ave Jersey City, NJ 07305-1617
Jersey City metro Census 4900 NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
1969
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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