Address
507 Palisade Ave, Jersey City, NJ
Price
$ 1,700,000
Property Attributes
  • MLS#240001430
  • TypePending
  • CountyHUDSON
  • CityJersey City
  • AreaJC - Heights
  • Zip07307
  • StyleMulti-Level
  • Taxes$ 17003
  • Price$ 1,700,000
  • Bedrooms4
  • Full Bathrooms2
  • Half Bathrooms2
Data Source:
Hudson County MLS (HCMLS)
Property Description

Exceptional Mixed-Use Investment Opportunity in the Heart of Jersey City Heights! Welcome to 507 Palisade Ave, a meticulously maintained, mixed-use building in the vibrant community of Jersey City Heights. This unique property offers a rare chance to invest in a bustling neighborhood that expertly blends urban convenience with community charm. Located in a highly sought-after area, it provides easy access to local amenities, parks, and transportation, appealing to both commercial and residential tenants. The building features a ground-level, well-established restaurant with backyard access, ideal for outdoor dining or events, and two modern 2-bedroom residential units above. The top floor is vacant, presenting a fresh opportunity for new tenants or an owner-occupier. This property isn't just a building, but a turnkey investment with a significant portion of rental income already secured. Key highlights include a 100-foot deep lot, renovated units with newer kitchens and ample storage, and unique outdoor space for the restaurant. Don't miss this superb opportunity to invest in Jersey City Heights, perfect for those looking to expand their portfolio or delve into real estate investment. Schedule your tour today at 507 Palisade Ave and uncover the potential of this exceptional property!

Price History
1/24/2024 Listed $1,900,000
2/15/2024 11% - $1,700,000

General Features

Exclusions Personal property
Bathrooms 4
County Hudson
Class 3-4 FAMILY
Type 3 Family
Block 02305
Associated Document Count 5
Status Under Contract
Sale/Rent For Sale
Status Detail 1
City JC,Heights
Taxes 17003
Street Name PALISADE AVE
DOM 58

Interior Features

Basement Full
Half Baths 2
Total Full Baths 2
Floor 1 Half Baths 2
Fl1 Rooms 1
Fl2 Rooms 5
Fl3 Rooms 5
Floor 1 Kitchen 1
Floor 1 Other 1
Floor 2 Bedrooms 2
Floor 2 Dining Room 1
Floor 2 Full Baths 1
Floor 2 Kitchens 1
Floor 2 Living Rooms 1
Floor 3 Bedrooms 2
Floor 3 Dining Rooms 1
Floor 3 Full Baths 1
Floor 3 Kitchens 1
Floor 3 Living Rooms 1
Total Dining Rooms 2
Total Kitchens 3
Total Living Rooms 2
Total Other Rooms 1
Heating/Cooling Baseboard

Exterior Features

Inclusions Residential appliances as installed
Exterior Finish Shingle
Parking available None
Building Style Multi-Level,Other-See Remarks
Lot 00046

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 07307

Price
AVG $860K
$1.7M
Taxes
AVG $10,656
$17,003
Visits
AVG 107
174
Data Provided by Inside Real Estate®

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