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Business opportunity (For sale)
25,000 sqft
Reference:
EDEN-T116082905
/ 116082905
451 Communipaw Avenue presents a rare opportunity to acquire a true commercial loft asset in one of Jersey Citys most compelling growth corridors. Located within Jersey Citys designated Opportunity Zone and nestled in the emerging Morris Canal neighborhood, the property offers investors the chance to own a distinctive mixed-use commercial building in a market defined by strong redevelopment momentum, improving infrastructure, and increasing demand from creative and service-oriented businesses. Positioned prominently at the entrance to Berry Lane Park, Jersey Citys largest and newest municipal park, the property benefits from exceptional visibility, strong neighborhood identity, and an irreplaceable setting. With direct frontage along Communipaw Avenue, one of the citys primary east-west arteries, 451 Communipaw Avenue sits in the heart of a rapidly transforming district that continues to attract new residential development, local business growth, and long-term capital investment. As one of the few remaining authentic commercial loft properties in the Morris Canal section, the building offers a character-rich alternative to conventional commercial product. Its loft-style configuration, scale, and presence make it especially attractive to creative office users, boutique retailers, food and beverage operators, showroom tenants, and other entrepreneurial businesses seeking unique space in an increasingly supply-constrained Jersey City market. For investors, the asset offers both stable in-place identity and meaningful future upside, with continued neighborhood evolution expected to drive further appreciation in both rents and asset value. The property is also exceptionally well located from a transportation standpoint. Garfield Avenue Station on the Hudson-Bergen Light Rail is just a short walk away, providing efficient access to Exchange Place PATH and the World Trade Center / Oculus in Lower Manhattan. The same rail line connects to Pavonia/Newport PATH, offering convenient service to Midtown Manhattan. This level of accessibility enhances the propertys appeal to tenants, patrons, and visitors alike, while also connecting the site to the broader regional transportation network, including major highways and the areas three international airports. 451 Communipaw Avenue consists of two separate buildings. The primary structure contains five commercial loft spaces, in addition to Factory Restaurant and Lounge, which occupies the entire first floor, bringing the total to six commercial units within the main building. The secondary building serves as an extension of the restaurant and includes an outdoor caf component, further activating the site and contributing to its neighborhood presence. The property is also home to the iconic Lafayette smokestack, a notable visual landmark that reinforces the sites identity and historic character. Anchored by Factory Restaurant and Lounge, one of the areas best-known neighborhood destinations, the property enjoys built-in visibility and a strong sense of place within the Morris Canal community. This existing food-and-beverage presence enhances the overall profile of the asset and contributes to the vibrancy of the tenant mix and surrounding streetscape. The site comprises approximately 12,715 square feet (approximately 0.29 acres). The main building contains approximately 29,151 square feet, with expansive floor plates of roughly 7,720 square feet. Additional functional features include one loading bay and one freight elevator, enhancing the buildings utility for a variety of commercial users. In a market where authenticity, location, and long-term upside are increasingly difficult to replicate, 451Communipaw Avenue stands out as a truly differentiated Jersey City investment opportunity.
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451 Communipaw Avenue presents a rare opportunity to acquire a true commercial loft asset in one of Jersey Citys most compelling growth corridors. Located within Jersey Citys designated Opportunity Zone and nestled in the emerging Morris Canal neighborhood, the property offers investors the chance to own a distinctive mixed-use commercial building in a market defined by strong redevelopment momentum, improving infrastructure, and increasing demand from creative and service-oriented businesses. Positioned prominently at the entrance to Berry Lane Park, Jersey Citys largest and newest municipal park, the property benefits from exceptional visibility, strong neighborhood identity, and an irreplaceable setting. With direct frontage along Communipaw Avenue, one of the citys primary east-west arteries, 451 Communipaw Avenue sits in the heart of a rapidly transforming district that continues to attract new residential development, local business growth, and long-term capital investment. As one of the few remaining authentic commercial loft properties in the Morris Canal section, the building offers a character-rich alternative to conventional commercial product. Its loft-style configuration, scale, and presence make it especially attractive to creative office users, boutique retailers, food and beverage operators, showroom tenants, and other entrepreneurial businesses seeking unique space in an increasingly supply-constrained Jersey City market. For investors, the asset offers both stable in-place identity and meaningful future upside, with continued neighborhood evolution expected to drive further appreciation in both rents and asset value. The property is also exceptionally well located from a transportation standpoint. Garfield Avenue Station on the Hudson-Bergen Light Rail is just a short walk away, providing efficient access to Exchange Place PATH and the World Trade Center / Oculus in Lower Manhattan. The same rail line connects to Pavonia/Newport PATH, offering convenient service to Midtown Manhattan. This level of accessibility enhances the propertys appeal to tenants, patrons, and visitors alike, while also connecting the site to the broader regional transportation network, including major highways and the areas three international airports. 451 Communipaw Avenue consists of two separate buildings. The primary structure contains five commercial loft spaces, in addition to Factory Restaurant and Lounge, which occupies the entire first floor, bringing the total to six commercial units within the main building. The secondary building serves as an extension of the restaurant and includes an outdoor caf component, further activating the site and contributing to its neighborhood presence. The property is also home to the iconic Lafayette smokestack, a notable visual landmark that reinforces the sites identity and historic character. Anchored by Factory Restaurant and Lounge, one of the areas best-known neighborhood destinations, the property enjoys built-in visibility and a strong sense of place within the Morris Canal community. This existing food-and-beverage presence enhances the overall profile of the asset and contributes to the vibrancy of the tenant mix and surrounding streetscape. The site comprises approximately 12,715 square feet (approximately 0.29 acres). The main building contains approximately 29,151 square feet, with expansive floor plates of roughly 7,720 square feet. Additional functional features include one loading bay and one freight elevator, enhancing the buildings utility for a variety of commercial users. In a market where authenticity, location, and long-term upside are increasingly difficult to replicate, 451Communipaw Avenue stands out as a truly differentiated Jersey City investment opportunity.
El 451 de Communipaw Avenue representa una oportunidad poco común para adquirir un verdadero activo comercial de lofts en uno de los corredores de crecimiento más atractivos de Jersey City. Situada dentro de la Zona de Oportunidad designada de Jersey City y en el emergente barrio de Morris Canal, la propiedad ofrece a los inversores la oportunidad de poseer un edificio comercial de uso mixto distintivo en un mercado marcado por un fuerte impulso de reurbanización, la mejora de infraestructuras y la creciente demanda de empresas creativas y orientadas al servicio. Situada de forma destacada en la entrada de Berry Lane Park, el parque municipal más grande y nuevo de Jersey City, la propiedad se beneficia de una visibilidad excepcional, una fuerte identidad vecinal y un entorno insustituible. Con una fachada directa a lo largo de la avenida Communipaw, una de las principales arterias este-oeste de la ciudad, el 451 de la avenida Communipaw se encuentra en el corazón de un distrito en rápida transformación que sigue atrayendo nuevos desarrollos residenciales, crecimiento empresarial local e inversión de capital a largo plazo. Como una de las pocas propiedades comerciales auténticas que quedan en la zona del canal Morris, el edificio ofrece una alternativa rica en carácter al producto comercial convencional. Su configuración, escala y presencia de estilo loft la hacen especialmente atractiva para usuarios creativos de oficina, minoristas boutique, operadores de alimentos y bebidas, inquilinos de showrooms y otras empresas emprendedoras que buscan un espacio único en un mercado de Jersey City cada vez más limitado de oferta. Para los inversores, el activo ofrece tanto una identidad estable en el lugar como un potencial de crecimiento futuro significativo, con la evolución continua del barrio que se espera que impulse una mayor apreciación tanto en los alquileres como en el valor del activo. La propiedad también está excepcionalmente bien situada desde el punto de vista del transporte. La estación Garfield Avenue en el tren ligero Hudson-Bergen está a solo un corto paseo, lo que ofrece un acceso eficiente a Exchange Place PATH y al World Trade Center / Oculus en el bajo Manhattan. La misma línea ferroviaria conecta con Pavonia/Newport PATH, ofreciendo un servicio cómodo hacia Midtown Manhattan. Este nivel de accesibilidad mejora el atractivo de las propiedades tanto para inquilinos, como para visitantes y clientes, al tiempo que conecta el lugar con la red regional de transporte más amplia, incluyendo las principales autopistas y los tres aeropuertos internacionales de la zona. El 451 de la Avenida Communipaw consta de dos edificios separados. La estructura principal contiene cinco espacios comerciales tipo loft, además del Factory Restaurant and Lounge, que ocupa toda la planta baja, sumando un total de seis unidades comerciales dentro del edificio principal. El edificio secundario sirve como una extensión del restaurante e incluye un componente de cafetería al aire libre, lo que activa aún más el recinto y contribuye a su presencia en el barrio. La propiedad también alberga la icónica chimenea de Lafayette, un destacado punto de referencia visual que refuerza la identidad y el carácter histórico del lugar. Ancla en Factory Restaurant and Lounge, uno de los destinos de barrio más conocidos de la zona, la propiedad goza de una visibilidad incorporada y de un fuerte sentido de pertenencia dentro de la comunidad de Morris Canal. Esta presencia existente en el sector de alimentos y bebidas mejora el perfil general del activo y contribuye a la vitalidad de la mezcla de inquilinos y del paisaje urbano circundante. El terreno comprende aproximadamente 12.715 pies cuadrados (aproximadamente 0,29 acres). El edificio principal tiene aproximadamente 29.151 pies cuadrados, con amplias superficies de unos 7.720 pies cuadrados. Entre otras características funcionales se incluyen una zona de carga y un elevador de carga, lo que mejora la utilidad del edificio para una variedad de usuarios comerciales. En un mercado donde la autenticidad, la ubicación y el potencial de crecimiento a largo plazo son cada vez más difíciles de replicar, 451Communipaw Avenue destaca como una oportunidad de inversión verdaderamente diferenciada en Jersey City.
Reference:
EDEN-T116082905
Country:
US
City:
Jersey
Postal code:
07304
Category:
Commercial
Listing type:
For sale
Property type:
Business opportunity
Property size:
25,000 sqft