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1180 Summit Ave
Jersey City, NJ 07307 The Heights

Price Upon Request

Storefront Retail Residential For Sale  •  5,319 SF

Property Details

  • Property Type Storefront Retail Residential
  • Total Building Size 5,319 SF
  • Lot Size 0.05 AC
  • Building Class C
  • Year Built 1950
  • Tenancy Multiple
70 Transit Score
95 Walk Score

Highlights

Located between The Holland and Lincoln Tunnels and accessible to PATH mass transit services, making connecting to New York City a breeze.
Fully occupied ±5,300-square-foot mixed-use asset offers recently renovated residential units, two retail units, and income-generating storage units.
Significant upgrades include new utilities, an updated lobby, plumbing, and a new roof, ensuring minimal maintenance.
The Heights neighborhood features breathtaking New York City skyline views and a dense population with a median household income of $112,000.
Jersey City’s rental market is characterized by low vacancies and rental rate growth of 2.2%, with 70% of residents being renters, ensuring demand.
Increased retail leasing activity supported by surrounding apartment developments enhances the property’s investment potential.

Amenities

  • Bus Line
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Hoboken (Hoboken-33rd Street - Port Authority Trans-Hudson (PATH), Hoboken-World Trade Center - Port Authority Trans-Hudson (PATH)) 8 min - 2.3 mi
Journal Square (Journal Square-33rd Street - Port Authority Trans-Hudson (PATH), Newark Penn Station-World Trade Center - Port Authority Trans-Hudson (PATH)) 6 min - 2.3 mi
Transit/SubwayDriveWalkDistance
9th Street - Congress Center (Tonnelle Avenue-Hoboken Terminal - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail), West Side Avenue-Tonnelle Avenue - Hudson-Bergen Light Rail (Hudson-Bergen Light Rail)) 8 min 15 min 0.8 mi
AirportDriveWalkDistance
Newark Liberty International 16 min - 11.5 mi
LaGuardia 31 min - 13.2 mi
John F Kennedy International 40 min - 21.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes