505 NEWARK AVE

Development Opportunity in the Neighborhood Commercial Zone. Great Location! No Maximum Density - Bulk Standard Only. 5 Story Mixed-Use Permitted with Limited Parking Required. Property is a Through-Lot that runs Newark Ave to Pavonia. A Site Study recently conducted by Hampton Hill Architecture of Jersey City concluded a Building Footprint of approximately 5300 SF. NC Zone allows 4 Stories over a Ground Fl, which provides approximately 18,000 SF of Livable Space. 40% of Grd Fl to be Commercial/Retail. Seller is interested in a short term Use & Occupancy, which would provide a revenue stream during planning approval.