The land permits as of right: 4 Units, consisting of three - 3 bedroom 2 bath units and a 4th unit as an ADU. This 3,057 sq', 26' x 118' & 25' x 126' lot is an ideal investment 1300 sq' condos accorss the street have sold for $624, 000, and there are many new construction buildings in the area with similar numbers. Located 2 short blocks from The Hudson/ Bergen Light Rail Station, around the corner from the new Jersey City Municipal offices, a large shopping center with major grocery store, and shops. The property is in the Opportunity Zone, as well as the New Market Tax Credit Eligible Census Tract. The current home was built from ground up in 1995 it provides a large backyard and a curb cut that allows for multiple car parking in front of the building. The current home at 645 Ocean Avenue is a large 4 bedroom 2.5 bath single family home. The building can be renovated to make a wonderful home. The potential to build 4 units and maximize return could be scheduled for a later time. Delivered vacant.

For Sale