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Property Description

The subject property consists of 2 contiguous 25 x 102 lots in Journal Square for a total of 5,100 square feet of land.

There are 2 rooming houses currently on the property.

Premium location steps to the Journal Square Path. Surrounded by thousands of new residential units.

Annual property taxes for both properties are $44,941.00.

The properties are currently producing $366,000.00 in annual revenue, making this a great covered land play.

The property sits in the Journal Square 2060 Redevelopment Plan Zone 4.

The Property can be delivered vacant.

Address Map
116 & 118
Magnolia Avenue
07306

116 & 118 Magnolia Avenue, Jersey City, NJ 07306

116 & 118 Magnolia Avenue, United States, New Jersey

5,100 Sqft
$3,300,000
Basic Details
Property Type : Land
Listing Type : For Sale
Asking Price : $3,300,000
Square Footage : 5,100 Sqft
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