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Hoboken Commercial Building with Restaurant Potential

155 3RD ST, Hoboken, NJ 07030

For Sale
$1,650,000

Three-level commercial building with finished basement, ideal for restaurant/kitchen use.

Property SizeContact for details
Days on Market553

Property Features for 155 3RD ST

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $8,535
Listing Agency: COMPASS NEW JERSEY, LLC
Listed By: ANDREW BOTTICELLI · License NJ #0121065
Source: Corcoran
Added: May 10, 2025 Changed: Mar 16 Last Checked: Mar 16 at 9:09AM

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 COMPASS NEW JERSEY, LLC

Rey
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Investment Insights

Based on property information with market context.

Located steps from Washington Street in downtown Hoboken, this three-level commercial building with a finished basement presents an opportunity for various ventures. The property, previously a bake shop and an upscale Italian restaurant, is configured for food service and has undergone over $200,000 in upgrades, including electrical, plumbing, flooring, security, and HVAC systems. The ground floor features a baking area equipped with a gas hood, handcrafted cabinetry, quartz countertops, and new epoxy floors, along with glass bakery display cases and a new sliding glass storefront pass-through service window. The second floor includes customer seating and a bathroom. The third floor offers a private office with an outdoor terrace. The lower level contains a fully finished prep kitchen and storage area, along with an additional bathroom and space for a walk-in box. Upgrades include a new tankless water heater, boiler, sump pump, filtration system, ADT security and Nest camera setup, wifi thermostats, and refined millwork.

Key Highlights

  • Prime downtown Hoboken location, steps from Washington Street.
  • Turnkey commercial building with extensive upgrades totaling over $200K.
  • Versatile three‑level layout plus finished basement, suitable for various food service concepts.

Property Analytics

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Open Analytics

Current Use

Retail space

Suggested Use

Top Pick Auto Repair Shop Auto Parts Store Carpet & Flooring Store Home Appliance Store Butcher (Bike/Boat/Book/etc) Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

6,101
Businesses Nearby
82k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 38% Shops & Services 31% Dining 24% Apparel 6%
ACME Markets Groceries
31,337 visits/mo 0.3 miles
7-Eleven Shops & Services
6,382 visits/mo 0.2 miles
Qdoba Mexican Grill Dining
5,814 visits/mo 0.1 miles
Warby Parker Shops & Services
5,635 visits/mo 0.2 miles
Dunkin' Donuts Dining
5,635 visits/mo 0.4 miles

Demographics for 07030, NJ

60,456
Population
29,985
Households
2
Avg Household Size
32
Median Age
83%
College-Educated
97%
High-School Grad
1.2 sq mi
ZIP Area
50,380
Density / Sq Mi
$176,943
Median Household Income
$105,359
Median Earnings
$2,819
Median Rent
$872,100
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Properties on Market for Restaurants in Hudson County

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in Northeast region

6% 2019
7.1% 2020
6.5% 2021
6% 2022
5.7% 2023
5.6% 2024
6% 2025

Similar Off Market Nearby

  • Antique Catering — 122 Willow Ave, Hoboken, NJ 07030

Frequently Asked Questions

What type of property is this?
Restaurant - Three-level commercial building with finished basement, ideal for restaurant/kitchen use.
Where is this restaurant located?
The property is located at 155 3RD ST Hoboken, NJ.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Prime downtown Hoboken location, steps from Washington Street.; Turnkey commercial building with extensive upgrades totaling over $200K.; Versatile three‑level layout plus finished basement, suitable for various food service concepts.
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