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245-247 Newark Ave 245 Newark Ave
6,000 - 10,000 SF of Retail Space Available in Jersey City, NJ 07302
Highlights
- Downtown Location
- Double Height Ceilings
- Open Plan
- Liquor License attached to Premise
Space Availability (1)
Display Rent as
- Space
- Size
- Ceiling
- Term
- Rent
- Service Type
| Space | Size | Ceiling | Term | Rent | Service Type | |
| 1st Floor, Ste 1G | 6,000-10,000 SF | 9 ft - 21 ft | Negotiable | £35.21 /SF/PA £2.93 /SF/MO £379.00 /m²/PA £31.58 /m²/MO £352,103 /PA £29,342 /MO | Triple Net |
1st Floor, Ste 1G
Prime Commercial Space for Lease: 245-247 Newark Ave Discover the perfect canvas for your business at 245-247 Newark Ave, offering a unique blend of spacious interiors and versatile design potential. This expansive commercial property spans approximately 10,000 sq. ft. over two levels, providing an exceptional foundation for a variety of business ventures. Ground Floor - A Blank Slate for Innovation (Approx. 6,000 sq. ft.) The ground level offers a vast 6,000 sq. ft. of space, presenting a rare opportunity for customization to meet your specific business needs. It features an existing kitchen area complete with a walk-in box and freezer, ideal for culinary ventures. The area is purposefully exposed, ready for a tailored design specification including plumbing and wiring, offering limitless potential to create a space that truly reflects your brand's identity. Mezzanine Level - Versatile and Separable Space (Approx. 4,000 sq. ft.) Elevate your business with the mezzanine level, boasting around 4,000 sq. ft. of finished space. This area is highlighted by a polished concrete pad, providing a sleek and durable foundation for a variety of uses. The mezzanine is thoughtfully designed to be separable, allowing for flexibility in utilization or the option to create distinct zones or operations within the same footprint. Location and Features: - Situated in a prime location on Newark Ave, this property offers high visibility and foot traffic, ideal for businesses aiming to attract attention and engagement. - The blend of open space on the ground floor and the refined mezzanine offers a dual environment that can cater to both operational and administrative needs, or customer-facing and back-of-house activities. - With infrastructure ready for customization, this property is a blank canvas waiting for your vision. Whether you're looking to open a restaurant, a retail store, a fitness center, or an office space, the possibilities are endless. Lease Terms and Availability: - Lease terms are flexible, designed to accommodate the needs of businesses both large and small. - Immediate availability - start transforming this space into your dream business location without delay.
- Lease rate does not include utilities, property expenses or building services
- Space is in Excellent Condition
- Kitchen
- Freezer Space
- Exposed Ceiling
- Finished Ceilings: 9 ft - 21 ft
- Downtown Location
- Customizable
- High Ceilings
- Existing Kitchen
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing agent for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
SITE PLAN
PROPERTY FACTS FOR 245 Newark Ave , Jersey City, NJ 07302
| Min. Divisible | 6,000 SF | Gross Internal Area | 10,000 SF |
| Property Type | Retail | Year Built | 2019 |
| Property Subtype | Restaurant |
| Min. Divisible | 6,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Internal Area | 10,000 SF |
| Year Built | 2019 |
About the Property
The property features a fully equipped kitchen, ready to be utilized by the tenant. The ground floor spans over 6,000 square feet, providing ample space for seating, dining, and customer service. The second floor mezzanine, which is approximately 4,000 square feet, can be used for additional seating or private events. In addition, there is a liquor license already attached to the premise, making it an ideal location for a bar or restaurant serving alcoholic beverages. Located in the heart of Downtown Jersey City, this property is situated in a prime location with a high level of foot traffic. The area is known for its vibrant food culture and the property is surrounded by various restaurants, cafes, and bars. Don't miss out on this amazing opportunity to secure a prime retail space with an existing kitchen in one of Jersey City's most sought-after areas. Contact us today to schedule a viewing.
Nearby Major Retailers
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245-247 Newark Ave | 245 Newark Ave
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