361 Kearny Ave - Storefront FOR SALE


Kearny, NJ 07032- Manor Section
$1,800,000 USD
201-230-2142
361 Kearny Ave, Kearny, NJ for Sale
$1,800,000 USD
Storefront - FOR SALE
1/32
null | 7% Cap Rate

Apr '26


361 Kearny Ave
Kearny, NJ 07032
Manor Section


HIGHLIGHTS

  • C-3 zoning with mixed-use redevelopment potential.
  • Two contiguous lots totaling 10,600 SF with dual access from Kearny’s main commercial corridor and a residential street.
  • Owner-occupant potential with future upside from retail lease-up plus income from a 24-space, waitlisted parking lot.

OVERVIEW

Prime Mixed-Use Investment with Redevelopment Potential Positioned along Kearny’s active main corridor, this distinctive mixed-use property encompasses two contiguous parcels totaling approximately 10,600 SF, offering strong in-place income and exceptional long-term development potential. The front parcel features a 2,340 SF commercial building currently leased to a successful liquor store operator. The space includes 14-foot ceilings and a full 2,100 SF basement, providing roughly 4,500 SF of total usable area. Zoned C-3 (General Commercial District), the site permits mixed-use redevelopment up to three stories—ideal for adding residential units above ground-floor retail in one of Hudson County’s fastest-growing markets. The rear parcel, accessible from a quiet residential street, consists of a 7,500 SF paved parking lot with 24 spaces, currently leased at $250 per month per space, generating $6,000 in monthly income ($72,000 annually). The commercial unit offers additional potential retail income of approximately $6,000 per month. With dual street access, flexible zoning, established tenancy, and strong cash flow, this property presents a rare opportunity to acquire a high-performing asset with meaningful value-add potential in the heart of Kearny’s evolving commercial district.

FOR SALE DETAILS

PRICE

$1,800,000 USD

PRICE/SF

$720 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Convenience Store, Restaurant, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1957

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C-3

APN/PARCEL ID

07-00057-0000-00002,07-00057-0000-00014

ASK ABOUT THIS PROPERTY

Miriam YuColdwell Banker Realty - Alpine/Closter OfficeMore Info
201-230-2142

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Miriam YuColdwell Banker Realty - Alpine/Closter OfficeMore Info
201-230-2142

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