271 Newark Ave - Storefront Retail/Residential FOR SALE


Jersey City, NJ 07302- Historic Downtown Jersey City
$975,000 USD
718-979-8000
271 Newark Ave, Jersey City, NJ for Sale
$975,000 USD
Storefront Retail/Residential - FOR SALE
1/6
null | Request Cap Rate

271 Newark Ave
Jersey City, NJ 07302
Historic Downtown Jersey City


OVERVIEW

LOCATION!!! LOCATION!!! LOCATION!!! Rare Commercial Condo (With Parking at rear) and street-level retail space right on Newark Avenue Downtown Jersey City - 271 Newark Avenue (by Newark and Monmouth). This is a very rare gem to come by in Downtown Jersey City market.  PERFECT FOR OWNER USE. This commercial condo opportunity offers street-level retail, maximum visibility, and endless possibilities on Newark Avenue in Downtown Jersey City. One gated parking spot is located at the back of the property. Ideally located along DTJC’s pulsing main artery, 271 Newark Avenue is 836square feet and perfect for an owner-occupant or investor. The property is near the corner of Monmouth Street and surrounded by new residential/retail developments.   FLEXIBLE ZONING. ANY-USE IS PERMITTED. 271 Newark Avenue was previously a doctor’s office and is currently used as a professional space. Will be delivered vacant.  MAXIMUM VISIBILITY. The new owner also has the option to upgrade the facade to an all-glass front for even more exposure along Jersey City’s busiest corridor. As central as it gets, 271 Newark Avenue is just a five-minute walk from Grove Street PATH with easy access to buses and the New York Waterway ferry, as well as 78 West, the NJ Turnpike, and Route 1&9 via car.  This is a rare commercial opportunity right in the heart of booming DTJC. Priced to sell.  Listing: 271 Newark Avenue, Jersey City Asking: $975,000

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$271 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1890

SPRINKLERS

-

PARKING SPACES

1

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

commercial

APN/PARCEL ID

06-11004-0000-00012

ASK ABOUT THIS PROPERTY

Michael DukhovnyUnited National RealtyMore Info
718-979-8000

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Michael DukhovnyUnited National RealtyMore Info
718-979-8000

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