500 OCEAN AVE JERSEY CITY NJ 07305-3319
Value-Add Mixed-Use Opportunity with Liquor License Available
Marketing description
Value-Add Mixed-Use Opportunity with Liquor License Available
Solid brick mixed-use property offering tremendous potential for investors, owner-occupants, and entrepreneurs looking to create value. The property features two residential units, one ground-floor commercial space (formerly operating as a bar), a private backyard, and a full unfinished basement.
While the property requires TLC and updating, it presents an excellent opportunity to renovate, reposition, and maximize returns. Each residential unit offers 2 bedrooms and 1 bathroom, and separate tenant-paid utilities contribute to operational efficiency.
A Type 33 Plenary Retail Consumption License is available for purchase separately, creating additional value and flexibility for a future operator or investor.
Conveniently located near the Hudson-Bergen Light Rail, with easy access to Jersey City, Manhattan, and surrounding employment centers.
Whether you're seeking a redevelopment project, an income-producing asset with upside, or a live-work opportunity, this property offers the flexibility and long-term potential to bring your vision to life.
Bring your ideas and unlock the full potential of this unique mixed-use property.
Investment highlights
✔ Solid brick construction offering a strong foundation for renovation and repositioning
✔ Two residential units, each featuring 2 bedrooms and 1 bathroom
✔ Opportunity to increase rents and build equity through strategic improvements
✔ Ideal for investors, developers, or owner-operators seeking a project with long-term upside
✔ Bring your vision and unlock the full potential of this well-located mixed-use asset
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