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- LoopNet Team
400 Central Ave
Jersey City, NJ 07307
Retail Property For Sale
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
ABOUT 400 CENTRAL AVE , JERSEY CITY, NJ 07307
400 Central Ave is a brick, 10-unit (9 residential & 1 commercial), mixed-use property located in the heart of Jersey City Heights' retail corridor. Included in the sale is a class "D" 44 plenary retail distribution LIQUOR LICENSE. Currently the home of neighborhood staple, Podewitz Liquor and Deli, 400 Central offers an owner/user or investor a VALUE ADD opportunity to take over an established business, create a new concept, or simply rent and collect income. 4 residential units and the FULLY VENTED commercial storefront will be DELIVERED VACANT, providing an easy vacancy capital improvement play, a proforma NOI of $146,972, and a proforma CAP of 7%. Owner pays hot water (new commercial system installed), all other utilities paid by tenants.
PROPERTY TAXES
| Parcel Number | 06-02201-0000-00012 | Improvements Assessment | $844,400 |
| Land Assessment | $243,200 | Total Assessment | $1,087,600 |
PROPERTY TAXES
