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579 West Side Ave 3,000 SF Retail Building Jersey City, NJ 07304 $715,000 ($238.33/SF)
Investment Highlights
- Fully leased mixed-use property with residential and commercial income.
- Separate utilities support streamlined property management.
- Ground-floor restaurant is complemented by two residential apartments.
- Located along the West Side Avenue commercial corridor.
Executive Summary
Presenting a prime mixed-use investment property in the heart of Jersey City's vibrant West Side neighborhood. Located at 579 West Side Avenue, this fully leased, income-producing property offers an ideal combination of stable commercial and residential rental income. The building features one ground-floor retail restaurant and two spacious three-bedroom residential apartments, all currently occupied by established tenants, providing immediate and consistent cash flow. With separate utilities for each unit, ownership benefits from reduced operating expenses and simplified property management.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
3,000 SF
Building Class
C
Year Built
1925
Price
$715,000
Price Per SF
$238.33
Tenancy
Single
Building Height
3 Stories
Slab To Slab
12’
Building FAR
1.73
Lot Size
0.04 AC
Zoning
4A - Commercial
Frontage
19’ on Side Ave
Exceptionally walkable
100/100
Moderately drivable
60/100
Strong public transit
80/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 06-18206-0000-00023 | Improvements Assessment | $545,300 |
| Land Assessment | $60,700 | Total Assessment | $606,000 |
Property Taxes
Parcel Number
06-18206-0000-00023
Land Assessment
$60,700
Improvements Assessment
$545,300
Total Assessment
$606,000
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579 West Side Ave
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