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Turnkey Street-Level Restaurant Space
For Lease
$12,500/Mo

188 NEWARK AVE JC, Jersey City, NJ 07302

Turnkey restaurant space with a usable basement, offered for immediate occupancy along a pedestrian plaza.

Space SizeContact for details
Property Size1,500 SF
Days on Market68

Property Features for 188 NEWARK AVE JC

General Information

Standard status Active
Size 1,500 SF
Property subtype Restaurant

Building Details

Building Size 1,500 SF
Listing Agency: DEL FORNO REAL ESTATE LLC
Listed By: VITO DEL FORNO · License #0897411
Source: Propertiesbysouthern
Added: Jul 3 Changed: Sep 8 Last Checked: Sep 8 at 9:23AM

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 DEL FORNO REAL ESTATE LLC

Investment Insights

Based on property information with market context.

This for-lease restaurant space is fully built out and offered as turnkey, with street-level dining area plus an additional usable basement. The basement can support operational needs such as storage, food preparation, or office space, providing flexibility for a new operator’s setup. Immediate occupancy is available.

The property is located on Newark Avenue within the Downtown Jersey City Newark Avenue Pedestrian Plaza. It is described as being approximately two blocks from the Grove Street PATH Station, with storefront visibility along the pedestrian plaza and heavy foot traffic throughout the day and into the evening.

A liquor license is noted as available for separate purchase, which may support operators looking to expand service options. The space is surrounded by an established mix of restaurants, cafés, bars, boutique retailers, and a growing residential population, supporting consistent demand.

Key Highlights

  • Fully built‑out restaurant space on Newark Avenue Pedestrian Plaza with immediate occupancy
  • Approx. 1,500 SF street‑level space plus an additional 1,000 SF usable basement for storage and operations
  • Two blocks from Grove Street PATH Station, offering convenient transit access

Property Analytics

Current Use

Saigon Cafe Restaurant

Suggested Use

Top Pick Nursing Home Fish Market Tattoo & Piercing Shop Tanning Salon (Bike/Boat/Book/etc) Store Adult Day Care

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

Lease Details

NNN (Triple Net)
Lease Type
$15.00 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

6,677
Businesses Nearby
296k
Monthly Visits Nearby
Under-served
Demand for This Use

Foot Traffic Nearby

Groceries 40% Superstores 26% Apparel 13% Dining 8%
BJ's Wholesale Club Superstores
76,178 visits/mo 0.3 miles
ShopRite Groceries
66,970 visits/mo 0.3 miles
99 Ranch Market Groceries
41,102 visits/mo 0.4 miles
JCPenney Apparel
37,894 visits/mo 0.4 miles
Shake Shack Dining
12,047 visits/mo 0.2 miles

Demographics for 07302, NJ

57,033
Population
30,163
Households
1.9
Avg Household Size
34
Median Age
80%
College-Educated
97%
High-School Grad
1.4 sq mi
ZIP Area
40,738
Density / Sq Mi
$166,854
Median Household Income
$117,189
Median Earnings
$2,960
Median Rent
$853,700
Median Home Value

Market

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
Rey
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Similar Off Market Nearby

  • KPOT Korean BBQ & Hot Pot 414 Grand St Suite 21, Jersey City, NJ 07302

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Turnkey restaurant space with a usable basement, offered for immediate occupancy along a pedestrian plaza.
Where is this conventional restaurant located?
The property is located at 188 NEWARK AVE JC Jersey City, NJ.
What is the lease rate?
The lease rate is $12,500/Mo.
What are key features of this property?
This property features: Fully built‑out restaurant space on Newark Avenue Pedestrian Plaza with immediate occupancy; Approx. 1,500 SF street‑level space plus an additional 1,000 SF usable basement for storage and operations; Two blocks from Grove Street PATH Station, offering convenient transit access
More about this property
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