Jersey City, NJ 07307,296 Palisade AVE
Jersey City, NJ 07307,296 Palisade AVE
Jersey City, NJ 07307,296 Palisade AVE
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Listed by Jill Biggs Coldwell Banker, Hoboken
$1,599,000
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Under Contract

296 Palisade AVE Jersey City, NJ 07307

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Ryan Baker

Ryan Baker

+1(973) 294-0742

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Res/Com Mixed

Listing Status Under Contract

Purchase Type For Sale

MLS Listing ID 25036275

Style Res/Com Mixed

Property Sub-Type Res/Com Mixed

Property Description

Seize a rare opportunity to acquire a renovated, mixed-use income property at 296 Palisade Avenue, positioned on one of the Jersey City Heights' most high-traffic and desirable thoroughfares. This is a true turnkey asset for the discerning investor, offering a strong and diversified revenue stream from both commercial and residential tenants. The building underwent a complete gut renovation in 2012, ensuring modern infrastructure, updated finishes, and significantly minimizing near-term capital expenditures. Notably, the roof and all HVAC systems were replaced in 2012, providing peace of mind and long-term operating efficiency. The ground floor features a substantial commercial condo totaling approximately 2,200 rentable square feet of space. This includes 1,200 square feet of high-visibility ground floor retail/commercial space, coupled with an additional 1,000 square feet of rentable basement space (1,200 sq. ft. total basement, minus 200 sq. ft. for mechanicals). The commercial unit is currently occupied by a stable tenant, anchoring the building's income. Above the commercial space are two well-appointed, income-generating residential rental units, each spanning approximately 700 square feet. Adding further value and income potential is a highly coveted, single parking spot, currently rented out month-to-month—a significant premium in this dense urban market.

Location

State NJ

County Hudson

New Jersey MLS (NJMLS)

NEARBY SCHOOLS & PROPERTIES

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Woodrow Wilson Elementary School

    Public | 1 - 8

  • 10

    Battery Park City School

    Public | KG - 8

  • 10

    P.S. 89 Manhattan

    Public | KG - 6

  • 10

    P.S. 234 Independence School

    Public | KG - 5

  • 10

    PS 150

    Public | PK - 5

  • 9

    Cornelia F. Bradford School

    Public | PK - 5

  • 9

    Hoboken Dual Language Charter School

    Public | KG - 5

  • 9

    P.S. 3 Charrette School

    Public | PK - 5

  • 9

    The Peck Slip School

    Public | PK - 5

  • 8

    Salvatore R. Calabro

    Public | KG - 6

  • 8

    Elysian Charter School

    Public | KG - 8

  • 7

    Jotham W. Wakeman School

    Public | PK - 5

  • 7

    Dr. Michael Conti School

    Public | PK - 8

  • 7

    Alfred Zampella School

    Public | PK - 8

  • 6

    The Ethical Community Charter School

    Public | KG - 5

  • 6

    Julia A. Barnes School

    Public | PK - 8

  • 6

    Martin Luther King Jr. School

    Public | PK - 8

  • 6

    Jersey City Global Charter School

    Public | KG - 2

  • 6

    Public School #2

    Public | EE - 6

  • 5

    PS # 20

    Public | PK - 5

Middle Schools 15
  • 10

    Nyc Lab Middle School for Collaborative Studies

    Public | 6 - 8

  • 9

    Intermediate School 289

    Public | 6 - 8

  • 9

    Lower Manhattan Community Middle School

    Public | 6 - 8

  • 8

    Academy I

    Public | 6 - 8

  • 6

    Explore 2000 Middle School

    Public | 6 - 8

  • 5

    Emerson Middle School

    Public | 6 - 8

  • 5

    Weehawken High School

    Public | 7 - 12

  • 5

    Quest to Learn

    Public | 6 - 10

  • 4

    Franklin L. Williams School

    Public | 6 - 8

  • 4

    Middle School # 4

    Public | 6 - 8

  • 4

    Union Hill Middle School

    Public | 7 - 8

  • 3

    M.E.T.S. Charter School

    Public | 6 - 12

  • 2

    Hoboken Junior Senior High School

    Public | 7 - 12

  • 0

    St Dominic Academy

    Private | 7 - 12

  • 0

    School for Young Performers

    Private | 6 - 9

High Schools 20
  • 10

    Dr Ronald Mcnair High School

    Public | 9 - 12

  • 10

    Stuyvesant High School

    Public | 9 - 12

  • 9

    Millennium High School

    Public | 9 - 12

  • 9

    Nyc Ischool

    Public | 9 - 12

  • 9

    Nyc Lab High School for Collaborative Studies

    Public | 9 - 12

  • 8

    Liberty High School

    Public | 9 - 12

  • 8

    County Preparatory High School

    Public | 9 - 12

  • 8

    Nyc Museum School

    Public | 9 - 12

  • 5

    Academy of Technology Design

    Public | 9 - 12

  • 5

    Union City High School

    Public | 9 - 12

  • 5

    High School of Economics & Finance

    Public | 9 - 12

  • 5

    Chelsea Career and Technical Education High School

    Public | 9 - 12

  • 4

    Richard R Green High School of Teaching

    Public | 9 - 12

  • 4

    Memorial High School

    Public | 9 - 12

  • 4

    Urban Assembly New York Harbor School

    Public | 9 - 12

  • 4

    Manhattan Business Academy

    Public | 9 - 12

  • 3

    University Academy Charter High School

    Public | 9 - 12

  • 3

    Leadership & Public Service High School

    Public | 9 - 12

  • 1

    Henry Snyder High School

    Public | 9 - 12

  • 1

    Lincoln High School

    Public | 9 - 12

School and business data provided by Attom Data.

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Ryan Baker

Ryan Baker

Sales Associate | License ID: 1970699

+1(973) 294-0742

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