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326-328 Kearny Ave 8,654 SF 100% Leased Retail Building Kearny, NJ 07032 $1,600,000 ($184.89/SF)
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.
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- Market Information
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
$1,600,000
Price Per SF
$184.89
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Slab To Slab
10’
Building FAR
2.21
Lot Size
0.09 AC
Zoning
C-3
Frontage
40’ on Kearny Ave
Amenities
- Freeway Visibility
Walk Score®
Walker's Paradise (93)
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-00230-0000-00003 | Improvements Assessment | $114,700 |
| Land Assessment | $37,500 | Total Assessment | $152,200 |
Property Taxes
Parcel Number
07-00230-0000-00003
Land Assessment
$37,500
Improvements Assessment
$114,700
Total Assessment
$152,200
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326-328 Kearny Ave
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