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238 14th St 903 SF Retail Building Jersey City, NJ 07310 $1,499,000 ($1,660.02/SF) 5.07% Cap Rate


EXECUTIVE SUMMARY
Exciting Opportunity at the Gateway to Manhattan!Hey there! Imagine owning a fantastic piece of property right at the entrance to the Holland Tunnel in Jersey City! This 50x60 lot sits in one of the most high-traffic spots you could ask for - we're talking about 100,000 vehicles driving by every single day!What Makes This SpecialThe property already comes with two money-makers - a billboard that's perfect for advertising and a charming diner serving hungry commuters. Talk about hitting the ground running!Transportation Hub Paradise!Holland Tunnel: Direct access to Manhattan - literally minutes away! Hoboken:Just a 5-minute drive away! Major Highways: connections to NJ Turnpike, Routes 1 & 9, and Interstate 78PATH Train Access: Multiple options for quick Manhattan commutes: Airports: Easy access to all major NJ/NYC airports: With this much space, you could:Keep the current billboard and diner combo for steady incomeUpgrade the diner to attract more commuters and locals. Expand or completely reimagine the property to match your vision. This thriving area is changing everyday. Next door to Hoboken (walkable to path train or light rail), downtown Jersey City and Jersey City Heights and Journal Square Path.
PROPERTY FACTS
Sale Type
Investment or Owner User
Sale Condition
Business Value Included
Property Type
Retail
Property Subtype
Restaurant
Building Size
903 SF
Building Class
C
Year Built
1950
Price
$1,499,000
Price Per SF
$1,660.02
Cap Rate
5.07%
NOI
$76,000
Tenancy
Single
Building Height
1 Story
Slab To Slab
12’
Building FAR
0.30
Lot Size
0.07 AC
Frontage
50’ on 14th St
Walk Score®
Walker's Paradise (95)
Transit Score®
Excellent Transit (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-07101-0000-00003 | Improvements Assessment | $80,500 |
| Land Assessment | $742,800 | Total Assessment | $823,300 |
PROPERTY TAXES
Parcel Number
06-07101-0000-00003
Land Assessment
$742,800
Improvements Assessment
$80,500
Total Assessment
$823,300
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Presented by
Premier Brokers Real Estate LLC
238 14th St
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