Rare development opportunity at 162 Summit Ave, Jersey City! Located in a prime Jersey City neighborhood, this lot is development-ready and offers immediate potential to build quality housing. The existing property is approximately 1,500 sq ft and currently configured as a 4-bedroom, 1-bath home, offering potential for redevelopment or renovation. Key features include approved plans to build 3 condos or a 3-family home, with the possibility to add a 4th unit. Perfect for new construction, this property provides an excellent opportunity to capitalize on a sought-after area and bring a development project to life. Investors and developers will appreciate the ready-to-build status and approved plans, making this a turnkey opportunity in the competitive Jersey City market. Conveniently located near the bustling Journal Square area, just a 10–15 minute walk to the PATH train station, along with restaurants, cafés, bus routes, and more.