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Mixed-Use Property with Liquor License
For Sale
$1,600,000

486 CENTRAL AVE, Jersey City, NJ 07307

Two occupied residential apartments sit over a vacant ground-level commercial space with an included Type 33 liquor license.

Property SizeContact for details
Days on Market111

Property Features for 486 CENTRAL AVE

General Information

Standard status Active

Additional Details

Liquor License Yes
Multifamily Units 2
Listing Agency: KELLER WILLIAMS VILLAGE SQUARE REALTY
Listed By: ANTHONY ZITO · License #1329596
Source: Evrealestate
Added: May 11 Changed: Aug 27 Last Checked: Aug 28 at 7:55AM

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 KELLER WILLIAMS VILLAGE SQUARE REALTY

Investment Insights

Based on property information with market context.

This mixed-use property includes three total units: two residential apartments and one ground-level commercial space. The residential portion features a spacious 3-bedroom, 1-bath apartment and a separate 2-bedroom, 1-bath apartment, both currently occupied. Both residential leases are month to month, providing flexibility for future arrangements.

The ground-level commercial space is currently vacant and was previously operated as a bar. A Type 33 liquor license is included with the sale, adding value and options for an owner-operator or a commercial tenant seeking to operate a licensed concept.

The property is described as conveniently located near major transportation, local businesses, and community amenities, supporting practical accessibility for residents and commercial operations.

Key Highlights

  • Three‑unit mixed‑use property: two rented residential apartments plus a ground‑level commercial space
  • Residential unit mix: one 3‑bedroom, 1‑bath and one 2‑bedroom, 1‑bath apartment
  • Both residential leases are month to month and the apartments are currently occupied

Property Analytics

Current Use

Bars & Pubs

Suggested Use

Top Pick Law Firm Nursing Home (Bike/Boat/Book/etc) Store Catering Service Tanning Salon Acupuncture

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

2
Residential units
Yes
Liquor license

Location Intelligence

Trade Area within ½ mile

3,471
Businesses Nearby

Demographics for 07307, NJ

44,247
Population
18,762
Households
2.4
Avg Household Size
35
Median Age
46%
College-Educated
87%
High-School Grad
1.9 sq mi
ZIP Area
23,288
Density / Sq Mi
$80,745
Median Household Income
$52,729
Median Earnings
$1,708
Median Rent
$574,000
Median Home Value

Market

Vacancy Rate% for Multifamily in Northeast region

4% 2022
4.6% 2023
5.3% 2024
5.6% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Multifamily property - Two occupied residential apartments sit over a vacant ground-level commercial space with an included Type 33 liquor license.
Where is this multifamily property located?
The property is located at 486 CENTRAL AVE Jersey City, NJ.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Three‑unit mixed‑use property: two rented residential apartments plus a ground‑level commercial space; Residential unit mix: one 3‑bedroom, 1‑bath and one 2‑bedroom, 1‑bath apartment; Both residential leases are month to month and the apartments are currently occupied
More about this property
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