728-740 Tonnele Ave - Auto Repair FOR SALE


Jersey City, NJ 07307- The Heights
$3,500,000 USD
201-388-0013
728-740 Tonnele Ave, Jersey City, NJ for Sale
$3,500,000 USD
Auto Repair - FOR SALE
1/5
null | 3.29% Cap Rate

728-740 Tonnele Ave
Jersey City, NJ 07307
The Heights


HIGHLIGHTS

  • The property sits in Jersey City’s Western Slope neighborhood, a transitional area where industrial roots meet residential expansion.
  • Mixed-use retail, a boutique strip with auto services below and loft-style offices above.
  • Tonnelle Ave is a major artery connecting Jersey City to Secaucus and the Lincoln Tunnel. High traffic flow, strong visibility for retail or service.
  • The property has historically been tied to auto repair and service.

OVERVIEW

A rare opportunity to blend automotive heritage with modern neighborhood growth. This income-producing property features five established tenants, delivering stabilized cash flow and long-term security. The property sits in Jersey City’s Western Slope neighborhood, a transitional area where industrial roots meet residential expansion. Investors can capitalize on this shift. Currently zoned R-1 with a commercial service station designation. This opens doors for creative redevelopment—whether continuing automotive use or pivoting to mixed-use retail. The property generated a strong Net Operating Income (NOI) of $115,108.35 in 2024, with five tenants contributing to a total income of $171,400.00. Expenses were well-contained at $56,291.65, and capital expenditures were minimal.

FOR SALE DETAILS

PRICE

$3,500,000 USD

PRICE/SF

$389 USD /SF

CAP RATE

3.29%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1940

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

R-1, 4A

APN/PARCEL ID

06-01201-0000-00008

ASK ABOUT THIS PROPERTY

Medhat DewaikColdwell Banker Commercial RealtyMore Info
201-388-0013

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Medhat DewaikColdwell Banker Commercial RealtyMore Info
201-388-0013

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