196 Morgan StJersey City, NJ 07302

This exceptional three-story mixed-use building at 196 Morgan Street in Jersey City, New Jersey, presents a rare investment opportunity for owner-users or savvy investors. Boasting 6,750 square feet on a 2,500 square foot lot, this brick building is ideally situated in the heart of Downtown Jersey City, just one block from the Grove Street PATH station, providing unparalleled access to Manhattan. The property currently features three units: a ground floor dance studio generating $5,200 in monthly rent, a second-floor two-bedroom apartment rented for $3,950 per month, and a vacant 2,300 square foot top-floor loft space perfect for owner-occupancy. This versatile space is adaptable for a variety of uses, from residential to commercial. Located within the Morgan/Grove/Marin Redevelopment Plan, the property benefits from attractive zoning that allows for the as-of-right addition of a fourth story, significantly increasing the building's potential value and functionality. The current configuration offers immediate income potential, while the development potential unlocks significant long-term growth opportunities. This is a truly unique opportunity in a highly desirable and rapidly appreciating area. Don't miss out!