282 ST PAULS AVE Jc Journal Square, NJ 07306-5085

Investors Delight!! Welcome to 282 Saint Pauls Ave, a mixed-use corner property in the heart of Journal Square. Located in the R-3 Multi-Family Mid-Rise District, this property spans over a 25x92 SQFT lot. The property comes with 3 deeded parking spaces, a 3 story mid-rise multifamily building, offering approx. 1500 SQFT of living space on every floor and partially finished basement. Approx. 15 years, this property is in excellent condition, with the roof replaced only 2 months ago(Jan 2021), central heating on every floor, and most mechanical equipment only 2-4 years old. Ground floor offers a well maintained Doctor's office with a large, spacious reception area, and a wheelchair ramp through the main entrance, 3 examination large rooms, one private doctors office, small kitchenette, and 2 half bathrooms, including one with Americans with Disabilities Act (ADA) access doorway. The property also contains two multifamily residential units above, each floor offering 3 bedrooms 2 full bathrooms, immaculate storage space, open-concept living dining floor plans with tons of storage space. Located blocks away from JSQ path, makes this property ideal for investors looking for immediate cash flow without ever worrying about any downtime. Jersey City Planning board may allow for a 4 story, 4 family mixed-use building(refer to Code of Ordinance Jersey City - [R-3 Multi-Family Mid-Rise District. Amended 4-8-2015 by Ord. No. 15-042 ]). Buyers must perform their own due-diligence. Ideal for owner-occupied service providers/doctors/attorneys, looking to occupy ground floor for their service offerings, while renting or living on the units above. Take advantage of the great foot-traffic on Saint Pauls Ave, connecting major streets and highways for easy access.