Every week GRIDBits delivers the latest real estate news focused on the rapidly expanding New Jersey Gold Coast, spanning from Alpine’s northern tip to the southern edge of Bayonne.
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
- Street Number:
- 116 & 118
- Street:
- Magnolia Avenue
- Postal Code:
- 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