Retail Restaurant
For Sale
$945,000
Pending
234 HARRISON AVE, Harrison, NJ 07029
For-sale restaurant storefront on Harrison Ave in Hudson County, suited for operators seeking a street-facing retail setup.
Property Size4,418 SF
Days on Market136
Property Features for 234 HARRISON AVE
General Information
Standard status
Pending
Size
4,418 SF
Zoning
Mixed use
Taxes and HOA fees
Annual Taxes
$13,320
Amenities
Central Air
Electric, Forced Air, Natural Gas
Full, Partially Finished
On Street
Building Details
Building Size
4,418 SF
Listed By:
XIAOXIAN CHAN
(215) 850-8158
Source:
Evrealestate
Added: Apr 29
Changed: Aug 8
Last Checked: Sep 11 at 5:44AM
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 XIAOXIAN CHAN
Investment Insights
Based on property information with market context.
This for-sale retail restaurant storefront is presented as a conventional restaurant/retail space, positioned on Harrison Ave for street-level visibility and customer access. The offering is marketed as a storefront property within the retail and commercial restaurant property types.
The address is 234 Harrison Ave, Harrison Town, NJ 07029, in Hudson County. Directions are provided as “On Harrison Ave,” indicating straightforward access along the main corridor.
The property’s street-facing storefront configuration can support a restaurant or related food-service concept, depending on the operator’s requirements. Buyers and brokers evaluating the site may find it useful as a straightforward retail/restaurant format in Hudson County, with access and wayfinding tied to Harrison Ave. For a tenant or buyer considering this location, due diligence should focus on confirming any space requirements and applicable operating considerations for a restaurant use at this address.
The address is 234 Harrison Ave, Harrison Town, NJ 07029, in Hudson County. Directions are provided as “On Harrison Ave,” indicating straightforward access along the main corridor.
The property’s street-facing storefront configuration can support a restaurant or related food-service concept, depending on the operator’s requirements. Buyers and brokers evaluating the site may find it useful as a straightforward retail/restaurant format in Hudson County, with access and wayfinding tied to Harrison Ave. For a tenant or buyer considering this location, due diligence should focus on confirming any space requirements and applicable operating considerations for a restaurant use at this address.
Key Highlights
- Full, partially finished basement
- Central air cooling
- Heating includes electric, forced air, and natural gas
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$63,059
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.67%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,261,180
$1.3M
Cap Rate 7%
$900,843
$900.8K
Cap Rate 9%
$700,656
$700.7K
Market Conditions
NOI Build-Up for 4,418 SF
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.
Gross rent
$95.4K $21.60/SF
− Vacancy
−$5.3K −$1.21/SF
EGI
$90.1K $20.39/SF
− OpEx
−$27.0K −$6.12/SF
NOI
$63.1K $14.27/SF
Area
Hudson County, NJ
Vacancy
5.60%
Lease Rate
$21.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,261,180
Cap Rate 7%
$900,843
Cap Rate 9%
$700,656
Alternative Uses
Best Use
Retail
$900.8K
$788.2K – $1.05M
NOI $63,059 @ 7.0% cap · market cap 6.67%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.60M
$1.40M – $1.87M
NOI $111,986 @ 7.0% cap · market cap 11.85%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,292
Businesses Nearby
166k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 45%
Dining 38%
Hotels & Casinos 11%
Electronics 4%
Wendy's
Dining
35,286 visits/mo
0.3 miles
QuickChek
Shops & Services
20,411 visits/mo
0.2 miles
Speedway
Shops & Services
15,735 visits/mo
0.3 miles
Bank of America
Shops & Services
14,746 visits/mo
0.3 miles
Popeyes Louisiana Kitchen
Dining
12,235 visits/mo
0.3 miles
Demographics for 07029, NJ
22,044
Population
10,485
Households
2.1
Avg Household Size
33
Median Age
47%
College-Educated
87%
High-School Grad
1.3 sq mi
ZIP Area
16,957
Density / Sq Mi
$80,495
Median Household Income
$52,097
Median Earnings
$2,036
Median Rent
$433,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Northeast region
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale restaurant storefront on Harrison Ave in Hudson County, suited for operators seeking a street-facing retail setup.
Where is this storefront property located?
The property is located at 234 HARRISON AVE Harrison, NJ.
What is the asking price?
The asking price for this property is $945,000.
What are key features of this property?
This property features: Full, partially finished basement; Central air cooling; Heating includes electric, forced air, and natural gas
