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Listed by Jorge Velasquez RE/MAX Professionals 1
$950,000
Est. payment /mo
6 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type 2 Family
Listing Status Under Contract
Purchase Type For Sale
MLS Listing ID 26012581
Style 2 Family
Bedrooms 6
Full Baths 3
Property Sub-Type 2 Family
Property Description
Attention builders and investors a compelling mixed-use development opportunity in Jersey City's West Side - WESO (WEST SIDE SOUTH OF COMMUNIPAW) neighborhood.133 Mallory Avenue is a 25x90 lot zoned RC-1 (Residential Commercial District), one of the few zones in Jersey City that permits ground floor commercial as-of-right. This is not a straight residential play this is a mixed-use site. By-right, the lot supports a 3- to 4-story building with ground floor retail or commercial space and up to 3 residential units above. Elect into Jersey City's Affordable Housing Overlay for maximum density build to the full building envelope with a one-time trust fund contribution in lieu of any on-site affordable unit requirement. 25x90 lot 2,250 sq ft RC-1 zoning 3"4 stories permitted Ground floor commercial permitted as-of-right Mixed-use: retail/commercial + residential above AHO available to unlock additional density Currently occupied sold for land value Few lots in WESO offer this kind of flexibility. RC-1 is a builder's zone bring your vision. Call today.
Location
State NJ
County Hudson
Interior
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