2 Broadway
Jersey City, NJ 07306
Retail Property For Sale

This 9 unit mixed-use building is comprised of 3 street level retail units and 6 two bedroom residential units. Solid brick construction with limestone ornamentation, the building is located on a highly trafficked commercial corridor and is only a 9 minute walk to the Journal Square PATH station. The three retail spaces are currently used as restaurants and are under multi-year leases with built-in annual rent increases. The 6 residential units on the two floors above are all 2 bedroom 1 bathroom with box-layout. All are separately metered for utilities. There are also 2 billboards on the building top which provide for additional income. Occupying a corner, the building fully covers the lot and has windows on 3 sides which allow for lots of light to fill the residential units. There is upside potential on all leases. Located in prime Journal Square, this property is only about a 4 block or 9 minute walk to the Journal Square Transportation Hub offering quick and easy access to both the 33rd St and the World Trade Center PATH lines to Manhattan. Commute times are 25 minutes to midtown, 15 minutes to the lower Manhattan WTC transportation hub. This is a great opportunity for those looking to invest in a rapidly booming area with lots of upside potential for both income and asset appreciation. 2 Broadway is not located in a flood zone, was not flooded during superstorm Sandy, nor is it required to carry flood insurance.