Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    202 Ocean Ave Jersey City, NJ 07305

    For Sale
    $295,000

    Profitable retail store with lease in place for sale.

    Lot size:
    0.03 Acres

    Property Features for 202 Ocean Ave

    General Information

    Lot size
    0.03 Acres

    Source: BOUTIQUE REALTY LLC

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Operating Retail Store For Sale

    An operating Jersey Dollar and Variety Store is available for sale. The current rent is $2507 per month, with a 3% increase each year. The lease term is set to end on December 31, 2027. This is an income-generating business.
    Location Intelligence

    Current Use by Public Records

    Jersey Dollar & Variety Variety Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Scarlett Blooms (Jersey City ), Entenmann's Florist

    Location Insight

    • Map
    • Local Demand
    City
    Jersey City
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.0910633
    Latitude
    40.6951508

    Nearby Similar for Sale

    • New
      $500,000
      1,955 SF

      Two-Family Home in Jersey City

      Two-family home near transportation in Jersey City's Greenville section.
      25 Dwight St, Jersey City, NJ 07305
      View Details
    • New
      $1,510,000

      Colonial 2-Family in Journal Square

      Historic 2-family home near Journal Square PATH and Lincoln Park.
      116 Bentley Ave, Jersey City, NJ 07304
      View Details
    • New
      $1,099,000

      New Construction Two Family Home

      Luxury two-family home in booming Greenville area of Jersey City.
      85 Myrtle Ave, Jersey City, NJ 07305
      View Details
    • $699,900
      0.06 Acres

      Charming Two-Family Home, Jersey City

      Sunlit two-family home with vintage charm and modern convenience.
      30 Gardner Ave, Jersey City, NJ 07304
      View Details
    • New
      $2,500,000

      Turn-Key Investment Property in Heights

      Cash-flowing investment property with 21 rentable rooms and 3 apartments.
      123-125 Booraem Ave, Jersey City, NJ 07307
      View Details
    • $699,900

      Charming Two-Family Home Near Parks

      Sunlit two-family home with vintage charm, near parks and transportation.
      30 Gardner Ave, Jersey City, NJ 07304
      View Details

    FAQs

    What type of property is this?
    Storefront property - Profitable retail store with lease in place for sale.
    Where is this storefront property located?
    The property is located at 202 Ocean Ave Jersey City, NJ.
    What is the asking price?
    The asking price for this property is $295,000.
    What are key features of this property?
    This property features: - Fully operating and income-generating business; - Existing lease in place until December 31, 2027; - Current rent is $2507/month
    (201) 433-5500
    Request Owner's contact information
    202 Ocean Ave Jersey City, NJ 07305
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    202 Ocean Ave
    Jersey City, NJ 07305
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    202 Ocean Ave Jersey City, NJ 07305
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.