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120 Storms Ave

0.42 Acres of Residential Land Offered at £5,848,814 in Jersey City, NJ 07306

Investment Highlights

  • Port Newark: 12 +/- miles
  • Holland Tunnel: 8 +/- miles
  • Lincoln Tunnel: 5 +/- miles

Executive Summary

Proposed Building: 101 Units in a 7- story building

Property Facts

Price £5,848,814
Sale Type Investment
Sale Conditions Development Sale
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 0.42 AC

1 Lot Available

Lot

Price £5,848,814
Price Per AC £14,015,547
Lot Size 0.42 AC

1 8 , 1 7 8 + /- s f p r o p o s e d d e v e l o p m e n t s i t e . A t t e n t i o n D e v e l o p e r s ! L o t z o n e d & approved for a 7-story luxury building in sought-after Jersey City.

Description

We’re pleased to offer this development opportunity for a 7 - story building with 101 units already approved for multi-family housing. The property is located in the booming area of McGinley Square, and just a few blocks from Journal Square (JSQ) train station! McGinley Square is a highly desirable location for young professionals and commuters, making renters/buyers an easy draw. The regentrification of Jersey City is already booming with trendy restaurants & shopping, making this a great opportunity for investors/developers.

Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (75)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code C (Commercial)
C (Commercial)
  • Listing ID: 34145314

  • Date on Market: 10/12/2024

  • Last Updated:

  • Address: 120 Storms Ave, Jersey City, NJ 07306

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