MLS® ID: 190002967

30-32 MCADOO AVE

JC, Greenville, New Jersey, 07305

$475,000 ACTIVE
  • - SQFT
BUILD 5 STORIES WITH OVER 4000+ SQFT IN JACKSON HILL REDEVELOPMENT ZONING! Two separate lots (30 McAdoo Ave and 32 McAdoo Ave) packaged together to increase potential for the next owner. Corner Lots currently have grandfathered-in curb cut outs on MLK dr. Maybe build a Mixed Use mid rise apt complex with 4 residential floors above a commercial space or two. Maybe ask for enclosed parking spaces on your ground floor level, the possibilities are endless! 30 & 32 McAdoo Ave are located in an opportunity zone, develop this property and you'll see a tax reduction that INCREASES the longer you hold the property, to the point where your gains from this investment can be PERMANENTLY EXCLUDED from your capital gains tax!! No maximum "dwelling units per acre" specified in Jackson Hill Redevelopment Plan, minimum unit size & room size are dictated by Jersey City building code, so relatively high density can be achieved! Property can be sold on its own, or as package deal with 1-5 MLK Dr. Total package is ~14,000sqft in redevelopment zoning, priced at 1,800,000 for all 3 lots (30 McAdoo, 32 McAdoo, 1-5 MLK)
Read More

Listing courtesy of KELLER WILLIAMS CITY LIFE JC REALTY

Amenities

  • Zip
    07305
  • Office name
    KELLER WILLIAMS CITY LIFE JC REALTY
  • SQFT
    0
  • Bedrooms
    0
  • Property type
    Vacant Land
  • Lot size
    4500
  • Tax year
    0
  • Agent name
    ALLEN WALTON
  • Purchase Type
    Active

Location

Have questions?

We can help.

Let's chat!

First Name
Last Name
Email
Phone
Best time to call

Success!

We'll get in touch with you soon.

We use cookies to enhance your browsing experience and deliver our services. By continuing to visit this site, you agree to our use of cookies. More info