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377 Kearny Ave
Kearny, NJ 07032
Office Property For Sale

PROPERTY FACTS

Property Type
Office
Property Subtype
Office/Residential
Building Size
4,065 SF
Building Class
B
Year Built
1920
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
2,801 SF
Building FAR
0.27
Lot Size
0.34 AC
Zoning
C-3
Parking
10 Spaces (1.78 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Signage

ABOUT 377 KEARNY AVE , KEARNY, NJ 07032

Marcus and Millichap is pleased to exclusively present a redevelopment opportunity located in Kearny, New Jersey. The property consists of a 4,605 square foot office building on a 7,501 square foot lot. The office space is currently occupied by a law firm. The rent is $5,000 NNN monthly. The tenant has indicated the willingness to vacate the property at a time acceptable to potential investor. Based on preliminary site research, it is estimated the site can support between 20-25 multifamily units with a retail unit remaining on the first floor along Kearny Ave. The development sites greatly benefits from having access to Kearny Ave and Maple St, allowing for easier access for cars to the site. Kearny has seen significant multifamily and commercial development close to this site, signaling a willingness of the city to approve projects, as well as a demand in the market place for quality, multifamily units.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
07-00057-0000-00010
Land Assessment
$87,500
Improvements Assessment
$0
Total Assessment
$87,500
  • Listing ID: 15540012

  • Date on Market: 3/25/2019

  • Last Updated:

  • Address: 377 Kearny Ave, Kearny, NJ 07032

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