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404 Tonnelle Ave
Jersey City, NJ 07306
Retail Property For Sale
Investment Highlights
- High population density
- 18,000sf fully operational daycare and 10,000sf of vacant retail
- 50+ car parking
- Property is in the center of Routes 1&9 business district
- 66,493 vehicles per day
Executive Summary
28,000 SF property is available for sale including existing day care center and 10,000 SF vacant space is available for lease
A Highway Commercial building on Route 1-9 (on the desirably north side) and is an Investor/Owner opportunity, ideal for 1031 Exchange. This property sits close to the revitalization of Journal Square.
The property is 1.38 Acres (55,875 SF) between the Lincoln and Holland Tunnels, close to major highways, NJ Turnpike extension, Newark Airport, and Port Newark. The desirable Jersey City Heights is behind the property.
Located in Jersey City’s “Green Zone”, cannabis is permitted by law in this property and landlord is accepting cannabis use. There is 10,000 SF of space available for lease.
A Highway Commercial building on Route 1-9 (on the desirably north side) and is an Investor/Owner opportunity, ideal for 1031 Exchange. This property sits close to the revitalization of Journal Square.
The property is 1.38 Acres (55,875 SF) between the Lincoln and Holland Tunnels, close to major highways, NJ Turnpike extension, Newark Airport, and Port Newark. The desirable Jersey City Heights is behind the property.
Located in Jersey City’s “Green Zone”, cannabis is permitted by law in this property and landlord is accepting cannabis use. There is 10,000 SF of space available for lease.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
28,000 SF
Building Class
B
Year Built/Renovated
1970/2014
Price
$10,500,000
Price Per SF
$375
Percent Leased
64%
Tenancy
Multiple
Building Height
1 Story
Slab To Slab
10’
Building FAR
0.85
Lot Size
0.76 AC
Zoning
HC
Parking
50 Spaces (1.79 Spaces per 1,000 SF Leased)
Frontage
202’ on TONNELE AVE
Amenities
- 24 Hour Access
- Conferencing Facility
- Courtyard
- Security System
- Signage
- Monument Signage
- Air Conditioning
Property Taxes
| Parcel Number | 06-04601-0000-00044 | Improvements Assessment | $3,198,000 |
| Land Assessment | $927,000 | Total Assessment | $4,125,000 |
Property Taxes
Parcel Number
06-04601-0000-00044
Land Assessment
$927,000
Improvements Assessment
$3,198,000
Total Assessment
$4,125,000
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