20
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$1,399,000
Est. payment /mo
2.5 Baths
Active
321-5 PAVONIA AVE Jc Downtown, NJ 07302
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID 260010348
Full Baths 2
Half Baths 1
Annual Tax Amount $13,410
Lot Dimensions 12.5X50
Property Sub-Type Investment
Property Description
Rarely does a corner brownstone this well-positioned come to market with income already in place. This quaint two-bedroom, two-bath residence occupies the upper floors of a classic corner building just two blocks from Hamilton Park — one of Downtown Jersey City's most beloved green spaces and the heartbeat of a neighborhood that continues to attract national attention. The intimate, thoughtfully scaled rooms carry the warmth of a home that feels curated rather than oversized, with in-unit combo washer/dryer adding everyday convenience. Below, the recently updated commercial space is home to an established, fully occupied restaurant tenant that has quickly become a neighborhood favorite. The tenant covers all utilities except gas, providing an investor-friendly structure that reduces carrying costs from day one. This property serves three buyers well. The condo shopper finds comparable square footage and authentic brownstone character with a commercial unit working for them. The multi-family buyer new to mixed-use will discover that a long-term commercial tenant offers stability and cost protections residential units rarely match. The investor needs only look at the location — Hamilton Park, steps from the Grove Street PATH, embedded in a walkable dining corridor that continues to appreciate. The residential unit is vacant, offering a clean slate for the owner-occupant or incoming tenant. Brownstone ownership. Corner lot. Built-in income. Two blocks from the park.
Location
State NJ
County Hudson
Area Jc Downtown
Listed by COLDWELL BANKER RESIDENTIAL BROKERAGE
Nearby Locations
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