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30-32 MCADOO AVE JC, Greenville NJ 07305

30-32 MCADOO AVE, JC, Greenville, JC, Greenville,
NJ, 07305, Hudson
$500,000 For Sale
  • 26
  • 0


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! Must be sold as package deal with 1-5 MLK Dr. Total package is ~14,000sqft in redevelopment zoning, priced at 2,000,000 for all 3 lots (30 McAdoo, 32 McAdoo, & 1-5 MLK Dr)


  • MLS ID: 202006718
  • Address: 30-32 MCADOO AVE
  • Status: ACTIVE
  • Dom: 22
  • County: Hudson
  • Lot: 14 & 15
  • Lot size: 45x100
  • Type: Vacant Land
  • Search price: $500000
  • Address street: MCADOO AVE
  • City: JC, Greenville
  • State: NJ
  • Zip: 07305

  • Listing office 1: 2092
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