Freestanding Retail Space with Open
For Sale
Contact for pricing
313 Cross St, Harrison, NJ 07029
Level, mixed-use commercial unit with a restroom, full bath, private rooms, and a break area.
Property Size1,100 SF
Price / SF$1.45
Days on Market178
Property Features for 313 Cross St
General Information
Standard status
Active
Size
1,100 SF
Site & Location
Highway Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Building Details
Year Built
1900
Listing Agency:
NENO-ROSA AGENCY
Listed By:
AINA LIN - HSIEH
(201) 997-7860
Source:
Luminancerealty
Added: Apr 24
Changed: Oct 17
Last Checked: Oct 16 at 10:48AM
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 NENO-ROSA AGENCY
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Investment Insights
Based on property information with market context.
This freestanding retail property offers 1100 SF of adaptable commercial space with a primarily open plan. The interior includes vinyl plank and vinyl tile flooring, paneled walls, recessed lighting, a restroom, and a separate full bath. Additional rooms include a private office or workroom, break room, and rear room, creating a mix of shared and enclosed areas. The property was built in 1900 and is identified as level mixed-use space.
The property is located a couple of blocks from Washington Middle School and Lincoln No. 3 Elementary School. Bus and shuttle service to Harrison Path Station are available a few blocks away. Access to Rt. 280, Rt. 21, Rt. 17, the Parkway, and the Turnpike is nearby. The surrounding area is densely populated. No parking is provided on site.
The property is located a couple of blocks from Washington Middle School and Lincoln No. 3 Elementary School. Bus and shuttle service to Harrison Path Station are available a few blocks away. Access to Rt. 280, Rt. 21, Rt. 17, the Parkway, and the Turnpike is nearby. The surrounding area is densely populated. No parking is provided on site.
Key Highlights
- 1100 SF of retail or office space
- Open area measuring 16.8x33 with paneled walls and recessed lights
- Additional 13x15 open area with a full bath
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,701
Suggested Prices Based on Cap Rates
Cap Rate 5%
$314,020
$314.0K
Cap Rate 7%
$224,300
$224.3K
Cap Rate 9%
$174,456
$174.5K
Market Conditions
NOI Build-Up for 1,100 SF
Gross rent
$23.8K $21.60/SF
− Vacancy
−$1.3K −$1.21/SF
EGI
$22.4K $20.39/SF
− OpEx
−$6.7K −$6.12/SF
NOI
$15.7K $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 Rate 5%
$314,020
Cap Rate 7%
$224,300
Cap Rate 9%
$174,456
Alternative Uses
Best Use
Office B
$240.4K
$210.4K – $280.5K
NOI $16,830 @ 7.0% cap · market cap 1,051.88%
Second Best
Retail
$224.3K
$196.3K – $261.7K
NOI $15,701 @ 7.0% cap · market cap 981.31%
Theoretical Best
Warehouse
$398.3K
$348.5K – $464.7K
NOI $27,882 @ 7.0% cap · market cap 1,742.63%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,770
Businesses Nearby
Explore this area
Business Placement
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Northeast region
Frequently Asked Questions
What type of property is this?
Retail space - Level, mixed-use commercial unit with a restroom, full bath, private rooms, and a break area.
Where is this retail space located?
The property is located at 313 Cross St Harrison, NJ.
What are key features of this property?
This property features: 1100 SF of retail or office space; Open area measuring 16.8x33 with paneled walls and recessed lights; Additional 13x15 open area with a full bath
