324 3rd St - Storefront Retail/Residential FOR SALE


Jersey City, NJ 07302
$2,988,888 USD
201-917-5884
324 3rd St, Jersey City, NJ for Sale
$2,988,888 USD
Storefront Retail/Residential - FOR SALE
1/43
null | 4.92% Cap Rate

324 3rd St
Jersey City, NJ 07302


HIGHLIGHTS

  • Wonderful Owner-User for Restaurant or Bar Operation
  • Excellent Investment for Cashflow and Appreciation
  • Liquor License Sold Separately - Inquire today for it!
  • Add Value Investment - Undervalued Rents
  • Own Your Business and Have Tenants Pay Your Rent
  • Building Price Per SF: $667/ft

OVERVIEW

Distinguished Opportunity: The Barge Inn - Restaurant, Bar, (x2) and Four (x4) Apartment Units. Presenting an iconic opportunity to acquire not just one, but two well-established and highly successful businesses – The Barge Inn, a renowned restaurant and bar, along with four accompanying apartment units. This corner property, strategically positioned just off Newark Avenue, has proudly served as a neighborhood cornerstone for over five decades. Encompassing the full footprint of the lot, this property offers a myriad of possibilities for investors and entrepreneurs alike. Ideally located in proximity to Newark Avenue's pedestrian plaza and restaurant row, this establishment has been a consistent presence in the community. The Grove Street PATH features four apartments, each thoughtfully designed for modern living. Unit 1 comprises a one-bedroom with a bonus room and one bath, while Units 2 and 3 offer two bedrooms and one bath each. Unit 4 is a well-appointed one-bedroom with one bath. Alongside the residential units, the property includes a thriving restaurant and bar, both contributing to the allure of this investment. Currently, the owner is in the process of developing plans for a strategic redevelopment, presenting a substantial opportunity for new development in this prime location. The entire building, including the restaurant, bar, and apartments, can be delivered vacant, offering a clean slate for visionary projects. Explore the immense potential of this distinguished property – an iconic establishment poised for a new chapter of success. For further details or to discuss this unparalleled opportunity, kindly contact us at your earliest convenience.

FOR SALE DETAILS

PRICE

$2,988,888 USD

PRICE/SF

$664 USD /SF

CAP RATE

4.92%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Restaurant | 6 Units Of Income | Downtown JC

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Restaurant, Storefront, Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1939

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

R3

APN/PARCEL ID

06-11102-0000-00001

ASK ABOUT THIS PROPERTY

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201-917-5884

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Bruce EliaKW Commercial Fort LeeMore Info
201-917-5884

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