Rarely available development site FOR SALE in prime Jersey City neighborhood. This AS OF RIGHT, 5 story, 12,500 gross buildable SF project is located in the heart of Jersey City Heights retail and residential corridor along Central Avenue. The 25 x 127 ft lot is zoned for Neighborhood Commercial use. With other recent similar projects in the area and many more slated to come this is a terrific opportunity to develop in Jersey City as the project presents strong underwriting even in todays challenging lending landscape albeit as a rental or condo project. Not to be understated, the current use generates a positive cash flow allowing for flexibility while developing further plans. Please inquire further for a full marketing deck as well as a detailed proforma.
![[Jersey City Real Estate, listing number 7060197]](https://www.vlshomes.com/images/full/7060197a.jpg)