326-328 Kearny Ave - Storefront Retail/Residential FOR SALE


Kearny, NJ 07032- Arlington
$1,600,000 USD
201-962-9553
326-328 Kearny Ave, Kearny, NJ for Sale
$1,600,000 USD
Storefront Retail/Residential - FOR SALE
1/19
null | Request Cap Rate

326-328 Kearny Ave
Kearny, NJ 07032
Arlington


OVERVIEW

Located on a high foot traffic location in the center of Kearny NJ. Commercial zoned 4A mixed use three-story brick building consisting of 2 store fronts plus 5 residential 2-bedroom rental units. Rental income can be much higher than current rentals. One second floor residential unit has been renovated projected mo. rental 2,200-2,500 per mo. Each unit includes 1 refrigerator and 1 gas stove that will convey. Lot size is 37.5 X 100. The property being offered includes the building the land the appliances. Current tenants on a mo. to mo. on the residential. One storefront is on an escalation lease. Both storefronts have been renovated as well. $20,000 roof repair and new skylight, $35,000 in upgrades on residential units and $7,000 improvements in common area.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$185 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

1915

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

C-3

APN/PARCEL ID

07-00230-0000-00003

ASK ABOUT THIS PROPERTY

Sami MaaloufChristie's International Real EstateMore Info
201-962-9553

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Sami MaaloufChristie's International Real EstateMore Info
201-962-9553

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