626 Communipaw Ave Jersey City, NJ 07304-2508

Property Details for 626 Communipaw Ave

Lot size

0.05 lot acres

Property type

Commercial real estate

APN

06 17905-0000-00015

APU

617905000000015

Description

This Jersey City, NJ property, located in the Bergen Hill Opportunity Zone, offers a unique redevelopment opportunity. The 3,000 square foot industrial property features two buildings, each with multiple drive-in doors and lifts. The main building is approximately 2,000 square feet, while the smaller building is approximately 1,000 square feet. The property boasts ample parking for roughly 50 cars, with access from both Communipaw Avenue and Harrison Street. Situated on a 0.25-acre lot (10,890 sq ft), it benefits from Commercial/Automotive zoning, allowing for diverse uses, including potential future residential development. Its prime location along Communipaw Avenue, a major east-west corridor, provides excellent visibility and accessibility. The property is a short walk from the Garfield Avenue and Martin Luther King Ave light rail stations, offering convenient commutes to Manhattan via the PATH train. The 2023 real estate taxes were $15,594. Currently, there are no leases in place, and the seller is unaware of any underground oil tanks. This presents a compelling investment opportunity in a rapidly growing neighborhood with strong potential for value appreciation. The property is comprised of tax block 17,805, lots 10,13,14,15. This information is for preliminary review