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239 Central Ave 2,500 SF 100% Leased Retail Building Jersey City, NJ 07307 $1,397,000 ($558.80/SF) 17.90% Cap Rate
INVESTMENT HIGHLIGHTS
- Located in a high-foot-traffic retail corridor in The Heights
- Strong appreciation potential in a growing Jersey City market
- Residential unit offers steady rental income or owner-occupancy
EXECUTIVE SUMMARY
Positioned in one of Jersey City’s highest foot traffic corridors, the property benefits from prime visibility and proximity to a dense mix of retailers, restaurants, and local businesses. Commuters enjoy easy access to Route 1-9, I-95, Route 440, NJ Transit buses, PATH stations, and ferries, making this location highly accessible to both local patrons and visitors from New York City. Nearby green spaces like Washington Park and Riverview-Fisk Park add to the area’s appeal, offering skyline views and community vibrancy.
The residential unit above the restaurant provides immediate rental income or the flexibility for owner-occupancy. With separate utilities and a well-maintained structure, the property also presents value-add potential for investors seeking appreciation in a growing market. Whether you're expanding a portfolio or launching a new venture, this asset delivers location, legacy, and upside.
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
ABOUT 239 CENTRAL AVE , JERSEY CITY, NJ 07307
Prime Mixed-Use Investment Opportunity in Jersey City – Fully Operational Restaurant & 3-bedroom Apartment Offering an exceptional opportunity in Jersey City, "Kwok Great Wall" at 239 Central Ave presents a prime investment in a bustling commercial neighborhood. This mixed-use property includes a well-established Chinese restaurant ripe for a new concept, surrounded by vibrant shops and eateries to draw in a steady flow of customers. Above the restaurant sits a spacious 3-bedroom apartment, ready for occupancy or rental income. With separate utilities for each unit and potential for value-adding improvements, this property boasts both immediate returns and long-term value. Located in The Heights district, known for its high foot traffic and easy access to transportation, this property provides convenience and growth potential. Don't miss out on this chance to own a thriving restaurant and residential combo in a coveted location, offering steady income and endless possibilities for growth. Secure your stake in this dynamic market today! Investment Highlights: ? Established Restaurant Business with a loyal customer base? Flexible Lease Terms – Take over the current operation or introduce a new dining concept? Ideal for New Concepts – Perfect for Thai, Japanese, Mediterranean, or Fusion cuisine? High Foot Traffic & Prime Retail Visibility? Strong Rental Market with Increasing Property Values? Excellent Connectivity – Close to Route 1-9, I-95, and Route 440, with NJ Transit, PATH stations, and NYC ferry access nearby? Surrounded by Parks, Schools, and Shopping Hubs
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 06-03701-0000-00041 | Improvements Assessment | $211,800 |
| Land Assessment | $188,200 | Total Assessment | $400,000 |
PROPERTY TAXES
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239 Central Ave
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