362 Central Ave - Storefront FOR SALE


Jersey City, NJ 07307- The Heights
$990,000 USD
908-433-7999
362 Central Ave, Jersey City, NJ for Sale
$990,000 USD
Storefront - FOR SALE
1/19
null | Request Cap Rate

362 Central Ave
Jersey City, NJ 07307
The Heights


HIGHLIGHTS

  • heavy daytime foot traffic, NYC bus stop right in front of building, 2 side by side tenant occupied spaces

OVERVIEW

Prime redevelopment opportunity in the heart of the Jersey City Heights business district, located on the same block as the much hyped Central Avenue Redevelopment Zone. The property sits on a 20’ x 120’ lot and features two side-by-side street-level commercial spaces with rear yard, offering strong redevelopment potential. Surrounded by mid-rise development this site benefits from an established density profile and long-term upside. A NYC bus stop directly in front of the property provides a quick and convenient commute to Manhattan, enhancing both residential and commercial appeal. Also located just under 2 miles to the burgeoning Journal Square Redevelopment Zone which aims to establish the area as a thriving business, residential, cultural, and transit hub. Currently income-producing with month-to-month tenants in place, allowing immediate cash flow with flexibility for redevelopment. A compelling opportunity for developers and investors seeking a well-located asset in one of Jersey City's most active growth corridors. 2 tenants have a month by month lease. Approximately 1424 square feet combined plus a backyard. Two utility meters

FOR SALE DETAILS

PRICE

$990,000 USD

PRICE/SF

$695 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding, Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

-

APN/PARCEL ID

06-02901-0000-00036

ASK ABOUT THIS PROPERTY

Andrew BotticelliCompassMore Info
908-433-7999

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

Andrew BotticelliCompassMore Info
908-433-7999

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