728-740 Tonnele Ave 9,000 SF 100% Leased Retail Building Jersey City, NJ 07307 $3,500,000 ($388.89/SF) 3.29% Cap Rate

A rare opportunity to blend automotive heritage with modern neighborhood growth. This income-producing property features five established tenants, delivering stabilized cash flow and long-term security. The property sits in Jersey City’s Western Slope neighborhood, a transitional area where industrial roots meet residential expansion. Investors can capitalize on this shift. Currently zoned R-1 with a commercial service station designation. This opens doors for creative redevelopment—whether continuing automotive use or pivoting to mixed-use retail. The property generated a strong Net Operating Income (NOI) of $115,108.35 in 2024, with five tenants contributing to a total income of $171,400.00. Expenses were well-contained at $56,291.65, and capital expenditures were minimal.