Mixed-Use Property on Kearny
338 Kearny Ave, Kearny, NJ 07032
Mixed-use property with commercial space and residential units.
Type:Commercial
Property size:
3,600 SFPrice / SF:
$216/SF- Added:
- Apr 8, 2026
- Days on Market:
- 56
- Last Refresh:
- Apr 8 at 8:10 pm
Property Features for 338 Kearny Ave
General Information
- Standard status
- Active
- Size
- 3,600 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 1931
Listing agent JOSIANE GOUVEA
Listing office EXP REALTY, LLC (866) 201-6210
Listing date Apr 8, 2026
Source Corcoran
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
HighLights
- Vacant commercial space ready for customization.
- Two residential units providing multiple income possibilities.
- High‑traffic location with great exposure on busy Kearny Ave.
- Strong investment potential.
- Conveniently located near major highways, public transportation, shopping, and restaurants.
- Mixed‑use property offering versatility.
Overview
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.
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
Apartment 5plus
$790.9K
$692.0K – $922.7K
NOI $55,361 @ 7.0% cap · market cap 7.10%
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.
Location Intelligence
Current Use by Public Records
Stewart's Scottish Market
Specialty Food Shop
Location Insight
- Map
- Local Demand
- City
- Kearny
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.1495804
- Latitude
- 40.7623777
Nearby Similar for Sale
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.
