Mixed-Use Property on Kearny
338 Kearny Ave Kearny, NJ 07032
338 Kearny Ave, Kearny, NJ, 07032
$779,900
Pending
For Sale
$779,900
Pending
Mixed-use property with commercial space and residential units.
Property Size3,600 SF
Days on Market101
Property Features for 338 Kearny Ave
General Information
- Standard status
- Pending
- Size
- 3,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1931
Listing Agency
EXP REALTY, LLC
(866) 201-6210
Listed by
JOSIANE GOUVEA
Source
Corcoran
Added: Apr 8 Checked: Jul 17 at 3:32 am
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 EXP REALTY, LLC
Investment Insights
Based on property information with market context.
This mixed-use property is located on Kearny Avenue, offering visibility and investment potential. The property includes a vacant commercial space ready for customization, along with two residential units, presenting multiple income possibilities for investors or owner-users. The property requires improvements and offers upside for buyers looking to add value. It is located near major highways, public transportation, shopping, and restaurants. The location offers high traffic and exposure. The property is sold AS-IS, and the buyer is responsible for all municipal inspections and certificates. The property size is 3,600 square feet.
Key Highlights
- Vacant commercial space ready for customization.
- Two residential units providing multiple income possibilities.
- High‑traffic location with great exposure on busy Kearny Ave.
Local Financial Insights For Mixed Use
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $108.0k | $30.00 |
| − Vacancy | −$13.0k | −$3.60 |
| EGI | $95.0k | $26.40 |
| − OpEx | −$35.6k | −$9.90 |
| NOI | $59.4k | $16.50 |
3,600 SF · lease $30.00/SF/yr · vacancy 12.00% · expense 37.50%
Alternative Uses
Best Use
Mixed Use
$848.6K
$742.5K – $990.0K
NOI $59,400 @ 7.0% cap · market cap 7.62%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$1.30M
$1.14M – $1.52M
NOI $91,252 @ 7.0% cap · market cap 11.70%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Stewart's Scottish Market
Specialty Food Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Mixed-use property with commercial space and residential units.
Where is this mixed-use property located?
The property is located at 338 Kearny Ave Kearny, NJ.
What is the asking price?
The asking price for this property is $779,900.
What are key features of this property?
This property features: Vacant commercial space ready for customization.; Two residential units providing multiple income possibilities.; High‑traffic location with great exposure on busy Kearny Ave.
