
271 NEWARK AVE 1, Jersey City, NJ 07302
Hudson County
Key Facts
Listing Courtesy: COMPASS NEW JERSEY, LLC - 5512123870
Description
Positioned in the heart of Downtown Jersey City’s most vibrant and rapidly expanding commercial corridor, 271 Newark Avenue presents a rare, highly adaptable opportunity for business owners, investors, and entrepreneurs. Unit 1 is a commercial condominium of over 825 square feet that offers a perfect blank slate in one of New Jersey’s most dynamic and sought-after neighborhoods. As Downtown Jersey City continues its extraordinary growth trajectory, securing a footprint on Newark Avenue places your brand directly at the center of the action. Whether you are envisioning a flagship retail storefront, a bustling neighborhood cafe, a salon, a modern medical practice, or an innovative corporate office space, this property provides the ideal foundation to bring your specific vision to life. The sheer energy of the surrounding neighborhood is one of the property's greatest assets. Located directly on the thriving Newark Avenue corridor, the storefront benefits from continuous, heavy foot traffic day and night. Your business will thrive just steps away from Jersey City’s famed pedestrian plaza, a bustling hub that draws both locals and visitors alike. The area is surrounded by an established, ever-expanding ecosystem of dense luxury residential developments, ensuring a built-in customer base right at your doorstep. By joining this vibrant community, you will be situated alongside a curated mix of thriving local shops, top-tier restaurants, artisanal cafes, and vibrant nightlife destinations. Beyond the immediate neighborhood appeal, 271 Newark Avenue boasts unparalleled transit orientation and regional accessibility. For your customers, clients, and employees, the commute is exceptionally convenient. The property is situated just a short, scenic walk from the Grove Street PATH Station, and is heavily serviced by local bus routes and offers incredibly easy access to major highways, cementing its status as a highly accessible destination for both vehicle and pedestrian traffic. With a highly versatile, wide-open interior layout alongside a restroom and kitchenette, the space invites endless potential. The basement crawlspace offers options for storage and access to reconfigure utilities strictly to your business needs. Complementing the interior flexibility is the building’s highly adaptable, high-visibility facade. The exterior can be easily customized to feature expansive storefront windows that flood the interior with natural light and allow for captivating visual merchandising. Eye-catching signage potential guarantees that your brand will command attention from both pedestrians strolling the avenue and passing street traffic. Finally, in a bustling downtown market where urban space is at an absolute premium, this property includes one of the most coveted amenities imaginable: one dedicated, gated, and deeded parking space. This exceptionally rare convenience provides seamless, stress-free access for business owners or delivery logistics.
Property Information
Property Type
Residential
Sub-Type
Condominium
Style
Other-See Remarks
Living Area
836 sq ft
Garage Spaces
1
Days on Market
10
MLS® Listing#
260010824
Property Features
Cooling
Heating
Flooring
Construction
Financial Details
Annual Taxes
$5,870
Tax year 2025
Affordability Calculator
$196,000
Estimated monthly payment
$5,216/mo
Principal $784,000 · Est. interest $1,093,750 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Jersey City, NJ
- $615,664
- Median Listing Price
- 49
- Median Days on Market
- 1,372
- Median Sq Ft
- $422
- Median Price / Sq Ft
- 3,206
- Active Listings
- This home’s price is 59% above the area median.
- Its price per sq ft is 178% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Jersey City, NJ.
Location
- 271 NEWARK AVE 1, Jersey City, NJ 07302
Points of Interest in Jersey City, NJ
Showing the Jersey City area map.
Nearby Schools
Jersey City Art School
School · 0.1 mi away
Dr. Michael Conti Public School 5
Elementary · 0.2 mi away
Smile Preschool and Nursery
School · 0.2 mi away
James J. Ferris High School
Secondary · 0.2 mi away
Gym
School · 0.3 mi away
229 Third
School · 0.3 mi away
McNair Academic High School
Secondary · 0.3 mi away
Montessori School
Elementary · 0.3 mi away
The French American Academy
School · 0.3 mi away
Be Lingual
School · 0.3 mi away
Hamilton Park Montessori School
Elementary · 0.4 mi away
First Christian Pentecostal Academy
School · 0.4 mi away
The Embankment School
Elementary · 0.4 mi away
Frank R. Conwell Middle School 4
Secondary · 0.4 mi away
Rafael de J Cordero School
Elementary · 0.5 mi away
World of ABC, the Waldo School
School · 0.5 mi away
County Prep High School
Secondary · 0.5 mi away
The Scandinavian School of Jersey City
School · 0.5 mi away
William L. Dickinson High School
Secondary · 0.5 mi away
Hudson Montessori School
Elementary · 0.6 mi away
Commute Calculator
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|---|---|---|---|---|
| 201 LUIS M MARIN BLVD 517, Jersey City, NJ | $688,000 | 1 | 1 | 780 |
| 155 BAY ST 1701, Jersey City, NJ | $688,000 | — | 1 | 606 |
| 267 Wainwright St, Newark City, NJ | $689,000 | 5 | 4 | — |
| 935 Ocean 532, Ocean City, NJ | $689,000 | 2 | — | 778 |
| 61 GRAND ST 2L, Jersey City, NJ | $689,000 | 1 | 1 | 733 |
| 1385 Belleview Ave, Plainfield City, NJ | $689,900 | 2 | 2 | — |

















