239 Central Ave - Storefront Retail/Residential FOR SALE


Jersey City, NJ 07307- The Heights
$1,500,000 USD
201-622-3695
239 Central Ave, Jersey City, NJ for Sale
$1,500,000 USD
Storefront Retail/Residential - FOR SALE
1/8
null | 16.67% Cap Rate

239 Central Ave
Jersey City, NJ 07307
The Heights


HIGHLIGHTS

  • Located in a high-foot-traffic retail corridor in The Heights
  • Residential unit offers steady rental income or owner-occupancy
  • Strong appreciation potential in a growing Jersey City market

OVERVIEW

An exceptional opportunity awaits at 239 Central Avenue in Jersey City’s vibrant Heights neighborhood. This mixed-use property combines a fully operational Chinese restaurant with a spacious three-bedroom apartment above, offering dual income streams and long-term value. The restaurant, a staple in the community for over three decades, comes with a loyal customer base and is ready for a seamless transition or a fresh culinary concept—ideal for Thai, Japanese, Mediterranean, or fusion cuisine. Positioned in one of Jersey City’s highest foot traffic corridors, the property benefits from prime visibility and proximity to a dense mix of retailers, restaurants, and local businesses. Commuters enjoy easy access to Route 1-9, I-95, Route 440, NJ Transit buses, PATH stations, and ferries, making this location highly accessible to both local patrons and visitors from New York City. Nearby green spaces like Washington Park and Riverview-Fisk Park add to the area’s appeal, offering skyline views and community vibrancy. The residential unit above the restaurant provides immediate rental income or the flexibility for owner-occupancy. With separate utilities and a well-maintained structure, the property also presents value-add potential for investors seeking appreciation in a growing market. Whether you're expanding a portfolio or launching a new venture, this asset delivers location, legacy, and upside.

FOR SALE DETAILS

PRICE

$1,500,000 USD

PRICE/SF

$600 USD /SF

CAP RATE

16.67%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

NC-1

APN/PARCEL ID

06-03701-0000-00041

ASK ABOUT THIS PROPERTY

Eddie SalinasTES Realty GroupMore Info
201-622-3695

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Eddie SalinasTES Realty GroupMore Info
201-622-3695

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.