451 Communipaw Ave - Warehouse FOR SALE


Jersey City, NJ 07304
$4,300,000 USD
201-300-6489
451 Communipaw Ave, Jersey City, NJ for Sale
$4,300,000 USD
Warehouse - FOR SALE
1/9
null | 7.89% Cap Rate

451 Communipaw Ave
Jersey City, NJ 07304


HIGHLIGHTS

  • High Vacancy with Upside on the Lease Up
  • Diminishing Supply of this type of space
  • Stable Anchor Tenant

OVERVIEW

Located on Communipaw Avenue, the major east-west corridor in Jersey City, the Lofts at 451 Communipaw Avenue, has an ideal location, in one of Jersey City’s hottest and fastest growing neighborhoods. The Lofts at 451 Communipaw contains two separate buildings, the main building contains, five (5) commercial spaces and the Factory Restaurant and Lounge, located on the entire first floor, for a total of six (6) commercial spaces. The smaller outer building contains the expansion of the Factory Restaurant and outdoor cafe´. In addition, the iconic “Lafayette smoke stack” sits on the property. The Factory Restaurant and lounge is one of the focal points in the Morris Canal community. The Lofts at 451 Communipaw Avenue is located on 12,715 square feet of property or .29 acres. The main building that comprises 451 Communipaw Avenue is approximately 29,151 square feet, approximately, 7,720 square foot per floor. The property has one (1) loading bay and one (1) freight elevator. This is an excellent value add opportunity with vacancy and upside on the upper floors and a diminishing supply and high demand for this kind of product in Jersey City. This property is also great for an owner user with plenty of space to run your business.

FOR SALE DETAILS

PRICE

$4,300,000 USD

PRICE/SF

$143 USD /SF

CAP RATE

7.89%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1929

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

14 Ft

DOCKS

4

DRIVE INS

1

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.29

LAND SF

12,632

ZONING

Morris Canal

APN/PARCEL ID

06-18901-0000-00021

ASK ABOUT THIS PROPERTY

Chris VitielloGrid Real Estate LLCMore Info
201-300-6489

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Chris VitielloGrid Real Estate LLCMore Info
201-300-6489

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