937 Pavonia AveJersey City, NJ 07306

For Sale
$899,000

Prime Jersey City location, redevelopment potential.

Overview

Added:
Dec 11, 2024
Days on market:
93
This exceptional investment opportunity presents a chance to acquire a 3-unit condominium development project in the heart of Jersey City, New Jersey. Located at 937 Pavonia Ave, 07306, this property boasts an approximate land area of 3001 square feet (30' x 100'). The site currently features an existing single-family dwelling, but approved plans are in place for a three-unit condominium building, complete with a roof deck. All necessary approvals from the Township have been secured, streamlining the development process. The property's strategic location places it within a mile of the Journal Square PATH station, providing convenient access to Manhattan and other parts of the region. This prime location within Journal Square ensures high demand and strong rental potential for the future development. The 2020 tax assessment was $7,204.75. The asking price for this exceptional redevelopment opportunity is $899,000. This is a motivated seller situation, presenting a unique chance for builders and developers to capitalize on the thriving Jersey City real estate market. Detailed building plans are available for review.

Highlights

  • Prime Journal Square location, less than one mile from the PATH station.
  • Exceptional walkability to Journal Square's vibrant amenities.

Location Insight

City
Jersey City
County
Hudson
State
New Jersey
Latitude
40.7345169
Longitude
-74.0723061
937 Pavonia Ave, Jersey City, New Jersey

FAQs

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937 Pavonia Ave
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