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2849 Kennedy Blvd 8,640 SF 100% Leased Retail Building Jersey City, NJ 07306 $3,450,000 ($399.31/SF)
Investment Highlights
- Highly visible retail space available in the heart of Journal Square’s shopping district.
- Within a five minute walk to the Journal Square Path Station which sees an average of 240,155 riders per week.
- Steps from Hudson County Community College, serving approximately 18,000 students annually.
- Centrally located to major retail & residential development projects.
- Easily accessible by car to major highways including Route 139, NJ Turnpike, Route 1 & 9 and the Holland Tunnel.
- Walking distance to Jersey City Municipal Courts, a key civic destination with consistent daily traffic.
Executive Summary
Unique opportunity to lease or purchase in the heart of Journal Square. Surrounded by major mixed-use residential developments, including the 1,723-unit The
Journal, set to open in Q3 2025. Delivered fully vacant. Size: +/- 2,464 SF (Ground Floor)+/- 2,560 SF (2nd Floor) +/- 2,495 SF (3rd Floor).
Journal, set to open in Q3 2025. Delivered fully vacant. Size: +/- 2,464 SF (Ground Floor)+/- 2,560 SF (2nd Floor) +/- 2,495 SF (3rd Floor).
Property Facts
Sale Type
Investment
Sale Condition
High Vacancy Property
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
8,640 SF
Building Class
B
Year Built
1920
Price
$3,450,000
Price Per SF
$399.31
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
1.42
Lot Size
0.14 AC
Opportunity Zone
Yes
Zoning
3 - Commercial Center
Frontage
Amenities
- Bus Line
- Freeway Visibility
- Signage
Exceptionally walkable
100/100
Fairly drivable
40/100
Exceptional public transit
90/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-10601-0000-00050 | Improvements Assessment | $763,700 |
| Land Assessment | $236,300 | Total Assessment | $1,000,000 |
Property Taxes
Parcel Number
06-10601-0000-00050
Land Assessment
$236,300
Improvements Assessment
$763,700
Total Assessment
$1,000,000
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2849 Kennedy Blvd
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