3706 Park Ave - Storefront Retail/Residential FOR SALE


Weehawken, NJ 07086
$1,000,000 USD
201-685-3676
3706 Park Ave, Weehawken, NJ for Sale
$1,000,000 USD
Storefront Retail/Residential - FOR SALE
1/20
null | 6.71% Cap Rate

3706 Park Ave
Weehawken, NJ 07086


OVERVIEW

We are pleased to present a rare opportunity to acquire this high income generating mixed-use asset in the vibrant commercial corridor of Weehawken, NJ - one of Hudson County's most desirable and transit-accessible markets. This three-story building features a ground-floor restaurant unit and two residential apartments above, offering investors a balanced income stream with both steady cash flow and value-add potential through future capital improvements. Contact Broker for financials. ASSET HIGHLIGHTS - Commercial: Chickpea Grill - 4 years remaining on lease - $200/annual increases - Apartment Mix: (2) Two-Bedroom / One-Bath Apartments, 100% Occupied - Unit 1: Recently renovated with modern finishes and updated systems - Unit 2: Value-add opportunity through capital improvements and rent growth potential LOCATION OVERVIEW - Densely populated, with walkable retail and dining options along Park Ave that attracts both residents and businesses seeking urban convenience - Minutes from NYC, and easy access to NJ bus/light rail along with Route 3 & Turnpike for commuters

FOR SALE DETAILS

PRICE

$1,000,000 USD

PRICE/SF

$430 USD /SF

CAP RATE

6.71%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

RB-1

APN/PARCEL ID

11-00046-0000-00002

ASK ABOUT THIS PROPERTY

Alexander CalleSerhant New Jersey LLCMore Info
201-685-3676

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

Alexander CalleSerhant New Jersey LLCMore Info
201-685-3676

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