Description

Unlock the full potential of this prime lot with the opportunity to develop an AS OF RIGHT modern 5-story mixed-use building (no elevator). Envision a dynamic commercial space on the ground floor, capitalizing on Kennedy Blvd's high visibility and foot traffic. A residential unit at the rear offers additional rental income or owner-occupancy potential. The four upper floors can each house three thoughtfully designed residential units, totaling 12 apartments, perfect for maximizing rental revenue in Jersey City's booming market. With the area's ongoing growth, including nearby developments like the Bayfront project, this property is poised for significant value appreciation. Currently 1583 Kennedy Blvd, a rare investment gem in the heart of Jersey City's vibrant West Bergen neighborhood! This spacious two-family property, sits on an oversized lot and offers the perfect blend of comfort, convenience, and opportunity. Each unit features generously sized rooms, gleaming hardwood floors, and an abundance of natural light. Enjoy off-street parking, a large private backyard, and low property taxes - ideal for homeowners and savvy investors alike. Commuters will love the easy access to public transportation, local shops, dining, and proximity to major highways, making this property a perfect fit for those seeking rental income or a dream home.