Address
398 Pacific Ave Jersey City, NJ
Price
$ 845,000
Property Attributes
  • ML#202011491
  • TypeInvestment
  • CountyHUDSON
  • CityJersey City
  • AreaBergen-Lafayette
  • Zip07304
  • Style
  • Price$ 845,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
WEICHERT REALTORS - 201-333-4443
Property Description

Developers Delight! Located in the Morris Canal & Lafayette Redevelopment Area this 25 by 100 3 story structure presents two options for development. Option 1: Demolish the existing structure and build a XYZ story building consisting of 12 studio apartments. Option 2 renovate the building and add an extension resulting in a mixed use building with 1 commercial space and 2 residential apartments. Each apartment would consist of six large rooms with high ceilings and bay windows. Whatever option you choose, this property is perfectly situated for future appreciation located right in the center of the scorching-hot Bergen Lafayette neighborhood. Architectural renderings are available upon request but are not presently approved by the building department. Buyer must conduct their own due diligence.

Price History
6/22/2020 Listed $865,000
7/23/2020 3% - $845,000

General Features

Class CI INVESTMENT - SALE ONLY
Listing Area JC, Bergen-Lafayette
Section Bergen-Lafayette
Status ACTIVE
Status Active
Type Investment

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 07304

Price
AVG $2.59M
$850K
Visits
AVG 33
44
Walkscore
AVG 84
85
Data Provided by Walkscore ® not using MLS data

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