527 Mercer St - Storefront Retail/Residential FOR SALE


Jersey City, NJ 07306
$1,750,000 USD
201-486-6196
527 Mercer St, Jersey City, NJ for Sale
$1,750,000 USD
Storefront Retail/Residential - FOR SALE
1/27
null | Request Cap Rate

527 Mercer St
Jersey City, NJ 07306


HIGHLIGHTS

  • Commercial Space with Endless Potential – Operate a restaurant or retail store in the expansive 1,900 sq ft first-floor commercial area.
  • Income-Generating Apartments – Four 1-bedroom units on the 2nd and 3rd floors provide steady rental income, with two currently occupied on month-to-mo
  • Vacancy Opportunity – The two vacant 2nd-floor apartments offer immediate rental or renovation potential to add value.
  • Separate Utilities for All Units – Each apartment and the commercial space have separate utilities, maximizing control and cost efficiency for tenants
  • Close to Public Transit – Walking distance to the PATH and subway lines to NYC, with bus service one block away to downtown Manhattan.

OVERVIEW

OPEN HOUSE THIS SATURDAY NOVEMBER 2, 2024 FROM 12-3PM! RARE Opportunity! Your Next Investment Awaits! Calling all Restauranteurs/Retailers! Located in the coveted Journal Square Section of Jersey City, this mixed-use building has tons of Value Add potential. Operate a restaurant or store on the first floor and have the income from the apartments above to offset your expenses! The Commercial space on the 1st floor is comprised of 2 Commercial spaces with 1600 Total Usable SqFt! There are 4 additional 1BR apartments on the 2nd and 3rd floors. All units are separate utilities! The 2 second floor apartments are vacant but the 2 third floor apartments are occupied on a month-to-month lease. Utilities are completely separate! The water is delivered to each unit SEPARATELY with its own designated meter. Schedule your showing today and bring your vision to life! Walking distance to Journal Square and the subways to New York. One block to a bus downtown train service to low Manhattan.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$278 USD /SF

CAP RATE

Request Cap Rate

% 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

1906

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.05 AC

LAND SF

2,178 SF

ZONING

C

APN/PARCEL ID

06-13503-0000-00001

ASK ABOUT THIS PROPERTY

Albert J (AJ) CupoAJC Realty ExchangeMore Info
201-486-6196

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Albert J (AJ) CupoAJC Realty ExchangeMore Info
201-486-6196

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