Jersey City, NJ 07304 · Investment · For Sale · MLS 260006113
162 Summit Ave
$589,000
Investment
Use
121
Days Listed
About this property
Rare development opportunity at 162 Summit Ave, Jersey City! Located in a prime Jersey City neighborhood, this lot is development-ready and offers immediate potential to build quality housing. The existing property is approximately 1,500 sq ft and currently configured as a 4-bedroom, 1-bath home, offering potential for redevelopment or renovation. Key features include approved plans to build 3 condos or a 3-family home, with the possibility to add a 4th unit. Perfect for new construction, this property provides an excellent opportunity to capitalize on a sought-after area and bring a development project to life. Investors and developers will appreciate the ready-to-build status and approved plans, making this a turnkey opportunity in the competitive Jersey City market. Conveniently located near the bustling Journal Square area, just a 10–15 minute walk to the PATH train station, along with restaurants, cafés, bus routes, and more.
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationJersey City, NJ 07304
MLS #260006113
Zoning & permitted use
Zoning and permitted-use codes are not published in the MLS IDX feed, so this page does not state one. Before you sign a lease or a contract, permitted use has to be confirmed with the Jersey City zoning office. Andrew Diaz can pull the full broker file and work that question through with you.
Location
Questions about this property
What is the asking price for 162 Summit Ave?
The asking price is $589,000.
What is 162 Summit Ave zoned for?
Zoning is not published in the MLS IDX feed, so this page does not state one. The listing describes the property as Investment, but permitted use must be confirmed with the Jersey City zoning office before you sign anything. Andrew Diaz can pull the full file and work that question through with you.
How do I tour 162 Summit Ave?
Call or text Andrew Diaz at (551) 235-3473. He can arrange a walkthrough, pull the full broker file, and represent you through the purchase.
