Jersey City, NJ 07307 · Investment · For Sale · MLS 260008838
486 Central Ave
$1,600,000
Investment
Use
3
Units
74
Days Listed
About this property
Exceptional mixed-use investment opportunity featuring three total units with strong income potential. This well-maintained property consists of two fully rented residential apartments and one commercial space. The residential portion includes a spacious 3-bedroom, 1-bath apartment and a 2-bedroom, 1-bath apartment, both currently occupied and generating immediate rental income. Both leases are month to month. The ground-level commercial space, previously operated as a bar, is currently vacant and offers endless possibilities for an owner-user or investor looking to establish a new business or lease the space for additional income. Included in the sale is a valuable Type 33 liquor license, adding tremendous value and flexibility to the commercial component of the property. Whether you are looking to expand your investment portfolio or operate your own business while collecting residential rental income, this versatile mixed-use property presents a rare opportunity with existing cash flow and future upside potential. Conveniently located near major transportation, local businesses, and community amenities.
Property specifications
The details
Property TypeCI Investment
SubtypeInvestment
UseInvestment
OfferedFor Sale
LocationJersey City, NJ 07307
MLS #260008838
Space
Units3
Investment
Mixed useYes
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 486 Central Ave?
The asking price is $1,600,000.
What is 486 Central 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 486 Central 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.
