430 Ocean Ave

Description

We are thrilled to present a prime investment opportunity in a rapidly developing neighborhood defined by strong job growth, new parks, convenient transit options, and major upcoming projects. Perfectly positioned near the Liberty Science Center expansion, SciTech City, Canal Crossing, and CineLease Studios, this property sits at the center of Jersey City?s next wave of transformation. Building features four units, three of which have been fully renovated with open layouts, modern kitchens with stainless steel appliances, in-unit washer/dryer, central HVAC, and hardwood floors. One of the renovated units includes an ensuite bath and private backyard access. The first-floor unit, currently unrenovated, offers a unique opportunity to convert into retail or mixed-use space, with potential for additional lower-level expansion given its commercial zoning. Surrounding developments?SciTech, CineLease, two new high schools, and Canal Crossing?come to fruition, the area is expected to welcome over 10,000 new residents creating tremendous demand for housing and retail. The neighborhood is also benefitting from newly constructed parks and playgrounds and Light Rail access connecting directly to hospitals and major employers. Property offers strong income potential through market-rate rentals, a long-term 15-year tenant, and secured workforce housing under a five-year lease. Don?t miss your chance to invest in this high-growth area with exceptional upside. Schedule your tour today!