305 3RD ST

Very rare building for the downtown Jersey City market to come for sale with favorable live/work options and zoning. This section of 3rd street has mixed use zoning, with as of right development in place (look at the property directly to the west). The property occupies 95% lot coverage which backs up to the ally between 2nd and 3rd allowing for rear parking if that is how the next owner would like to use the property. Currently, there is a large garage door and curb cut in the front of the building that opens into a HUGE commercial space that occupies the entire 1st floor with 13-foot ceilings. The property also has two large apartments on the upper floors and are fully rented. The building is currently occupied and generating almost 144k annually. This building is perfect for income, development, rehab and condos, live/work; or for someone with the right design eye, it would be an incredible project to make into a one family with the 13-foot lofted 1st floor which is HUGE natural sq ftg without adding any additional floor as it lies right now. Please call on this one, it is worth discussing the potential options for the space.