326-328 Kearny Ave
Kearny, NJ 07032

Retail Property For Sale

Executive Summary

Located on a high foot traffic location in the center of Kearny NJ. Commercial zoned 4A mixed use three-story brick building consisting of 2 store fronts plus 5 residential 2-bedroom rental units. Rental income can be much higher than current rentals. One second floor residential unit has been renovated projected mo. rental 2,200-2,500 per mo. Each unit includes 1 refrigerator and 1 gas stove that will convey. Lot size is 37.5 X 100. The property being offered includes the building the land the appliances. Current tenants on a mo. to mo. on the residential. One storefront is on an escalation lease. Both storefronts have been renovated as well. $20,000 roof repair and new skylight, $35,000 in upgrades on residential units and $7,000 improvements in common area.

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,654 SF
Building Class
C
Year Built
1915
Price
£1,590,960
Price Per SF
£184
Percent Leased
94%
Tenancy
Multiple
Number of Floors
3
Slab to Slab
10 ft
Building FAR
2.21
Lot Size
0.09 AC
Zoning
C-3
Frontage
40 ft on Kearny Ave

Amenities

  • Freeway Visibility

PROPERTY TAXES

  • Listing ID: 32746618

  • Date on Market: 09/08/2024

  • Last Updated:

  • Address: 326-328 Kearny Ave, Kearny, NJ 07032