542 Newark Ave
Jersey City, NJ 07306
Retail Property For Sale

LOCATION, LOCATION, LOCATION! Located in the heart of Journal Square, 542 Newark Avenue is a mixed use building located .4 miles (7 minutes walking) to Journal Square Station (30,000 commuters daily) which is served by both the PATH line from Newark to Lower Manhattan and the PATH line that travels from Journal Square to Midtown Manhattan. This property offers investors, franchisees, and/or restaurateurs, a golden opportunity to own a PLENARY CONSUMPTION LIQUOR LICENSE and operate a restaurant/bar minutes from Kushner's tower and the Hudson County Courthouse in Jersey City's Central Business District and fastest growing neighborhood. With the second highest foot fall in Jersey City (+/- 9,000 daily workers in Journal Square) and thousands of high school and college students passing this location every day (Hudson Community College & William Dickinson High School), 542 Newark Avenue is a slam dunk opportunity offering tremendous upside in one of Jersey City's most talked about neighborhoods. 542 Newark Avenue has a total of 5 units; all with separately metered utilities. The unit mix consists of, 1 large restaurant/bar (1780 sq/ft) & 4 FREE MARKET residential units. (1) 1 Bedroom apartment, and (3) 2 Bedroom apartments averaging roughly 600 sq/ft. The building can be delivered entirely vacant or with the 4 residential units occupied.