635 Newark Ave - Storefront Retail/Residential FOR SALE


Jersey City, NJ 07306- Journal Square
$2,000,000 USD
201-970-4593
635 Newark Ave, Jersey City, NJ for Sale
$2,000,000 USD
Storefront Retail/Residential - FOR SALE
1/2
null | Request Cap Rate

635 Newark Ave
Jersey City, NJ 07306
Journal Square


HIGHLIGHTS

  • vacant for owners use

OVERVIEW

This unique property is located in the Journal Square Area which is experiencing significant development, with a new county courthouse, a modern park to be constructed in the future and the development of many multi-story residential buildings within a few block radius. The property itself is a three-story frame and concrete structure, featuring a commercial office space on the ground floor, that can also be used as retail. The upper two floors each contain two-bedroom apartments. The property also includes a private backyard. It is a short few blocks from the Path and Bus Terminal and convenient to the Holland Tunnel, NJ Turnpike and major highways. With the ongoing development in the neighborhood, this location is poised for increased demand and growth providing outstanding appreciation potential.

FOR SALE DETAILS

PRICE

$2,000,000 USD

PRICE/SF

$667 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1920

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.06 AC

LAND SF

2,614 SF

ZONING

Journal Sq 2060 Zone 5

APN/PARCEL ID

06-08001-0000-00013

ASK ABOUT THIS PROPERTY

Margaret WatsonLiberty Realty, LLCMore Info
201-970-4593

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Margaret WatsonLiberty Realty, LLCMore Info
201-970-4593

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