361 Kearny Ave 4,500 SF Retail Building Kearny, NJ 07032 $1,600,000 ($355.56/SF) 7.31% Cap Rate

Prime Mixed-Use Investment with Redevelopment Potential
Positioned along Kearny’s active main corridor, this distinctive mixed-use property encompasses two contiguous parcels totaling approximately 10,600 SF, offering strong in-place income and exceptional long-term development potential.
The front parcel, 361 Kearny Ave, features a 2,340 SF commercial building currently leased to a successful liquor store operator. The space includes 14-foot ceilings and a full 2,100 SF basement, providing roughly 4,500 SF of total usable area. Zoned C-3 (General Commercial District), the site allows for mixed-use redevelopment up to three stories—ideal for adding residential units above ground-floor retail in one of Hudson County’s fastest-growing markets.
The rear parcel, 328-331 Maple St, is accessible from a quiet residential street, consists of a 7,500 SF paved parking lot with 24 spaces, of which 19 are currently leased at $200-$300 per month per space, generating $4,200 in monthly income ($50,400 annually). The commercial unit offers additional potential market rate retail income of $6,000 per month.
With dual street access, flexible zoning, established tenancy, and strong cash flow, this property presents a rare opportunity to acquire a high-performing asset with meaningful value-add potential in the heart of Kearny’s evolving commercial district.