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453 Central Ave 3,000 SF 100% Leased Retail Building Jersey City, NJ 07307 $1,200,000 ($400/SF)
Executive Summary
Mixed-use in one of Jersey City’s prime retail and residential areas.
Previously was a real estate office with two apartments above.
Top floor vacant and second floor tenant is month to month.
Opportunity for retail or residential development
18.4X95 foot lot.
Previously was a real estate office with two apartments above.
Top floor vacant and second floor tenant is month to month.
Opportunity for retail or residential development
18.4X95 foot lot.
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$50,400
|
$16.80
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$50,400
|
$16.80
|
| Taxes |
$9,662
|
$3.22
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$9,662
|
$3.22
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $16.80 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $50,400 |
| Annual Per SF | $16.80 |
| Taxes | |
|---|---|
| Annual | $9,662 |
| Annual Per SF | $3.22 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $9,662 |
| Annual Per SF | $3.22 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1960
Price
$1,200,000
Price Per SF
$400
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.72
Lot Size
0.04 AC
Zoning
commercial - retail
Frontage
15’ on Central Ave
Amenities
- Bus Line
- Signage
Exceptionally walkable
100/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-01507-0000-00020 | Total Assessment | $430,000 (2025) |
| Land Assessment | $129,900 (2025) | Annual Taxes | $9,662 ($3.22/SF) |
| Improvements Assessment | $300,100 (2025) | Tax Year | 2023 |
Property Taxes
Parcel Number
06-01507-0000-00020
Land Assessment
$129,900 (2025)
Improvements Assessment
$300,100 (2025)
Total Assessment
$430,000 (2025)
Annual Taxes
$9,662 ($3.22/SF)
Tax Year
2023
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453 Central Ave
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