Retail Building Near Journal
1059 West Side Avenue Jersey City, NJ 07306
1059 West Side Avenue, Jersey City, NJ, 07306
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For Sale
Contact for pricing
Retail building with parking near Journal Square Path station.
Property Size4,800 SF
Lot Size0.19 Acres
Price / SF$468.75
Days on Market67
Property Features for 1059 West Side Avenue
General Information
- Standard status
- Active
- Size
- 4,800 SF
- Lot size
- 0.19 Acres
- Property subtype
- Land, Retail
Listing Agency
Grid Real Estate LLC
(201) 300-6489
Listed by
Chris Vitiello · License #0903660
Source
Crexi
Added: May 12 Checked: Jul 17 at 4:33 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Grid Real Estate LLC
Investment Insights
Based on property information with market context.
The property features a rectangular lot of approximately 8,100 square feet (0.19 acres), with about 75 feet of frontage on West Side Avenue. Currently, the site includes a 4,800-square-foot single-story retail building and a 3,300-square-foot parking lot. The location provides walking distance access to the Journal Square PATH station and direct access to Routes 1&9, the Pulaski Skyway, and the New Jersey Turnpike Extension, facilitating connections to Manhattan, Newport, the PATH network, and the Holland Tunnel approach to Manhattan. This property may suit an owner-user, investor, or developer.
Key Highlights
- Prime location within walking distance of Journal Square PATH station
- Direct access to Routes 1&9, Pulaski Skyway, and NJ Turnpike Extension
- Strong rental demand in the tri‑state region
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $123.8k | $25.80 |
| − Vacancy | −$10.5k | −$2.19 |
| EGI | $113.3k | $23.61 |
| − OpEx | −$34.0k | −$7.08 |
| NOI | $79.3k | $16.52 |
4,800 SF · lease $25.80/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.13M
$991.5K – $1.32M
NOI $79,320 @ 7.0% cap · market cap 3.53%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.56M
$1.36M – $1.82M
NOI $108,937 @ 7.0% cap · market cap 4.84%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Geo Cash And Carry ...
Grocery & Convenience Store
Similar For Sale Nearby
FAQs
What type of property is this?
Commercial land - Retail building with parking near Journal Square Path station.
Where is this commercial land located?
The property is located at 1059 West Side Avenue Jersey City, NJ.
What is the asking price?
The asking price for this property is $2,250,000.
What are key features of this property?
This property features: Prime location within walking distance of Journal Square PATH station; Direct access to Routes 1&9, Pulaski Skyway, and NJ Turnpike Extension; Strong rental demand in the tri‑state region
