Renovated Storefront
For Sale
Contact for pricing
576 NEWARK AVE JC, Jersey City, NJ 07306
Near Journal Square PATH with flexible lease terms and no food use.
Property Size900 SF
Price / SF$2.78
Days on Market58
Property Features for 576 NEWARK AVE JC
General Information
Standard status
Active
Size
900 SF
Property subtype
Office
Additional Details
Public Transit
Yes
Building Details
Building Size
900 SF
Listing Agency:
TERRANE REALTY ADVISORS
Listed By:
DENISSE RIVERA
(201) 903-0444
Source:
Propertiesbysouthern
Added: Aug 20
Changed: Oct 12
Last Checked: Oct 15 at 8:26AM
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 TERRANE REALTY ADVISORS
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Investment Insights
Based on property information with market context.
This storefront property at 576 Newark Ave has undergone recent renovation and is positioned for retail or professional office use. The available configuration supports attorney, medical, and general retail occupants, with food use excluded.
The property is across from the historic courthouse on Newark Ave and benefits from proximity to mass transportation, including Journal Square PATH. Flexible lease terms are available for qualified users.
The property is across from the historic courthouse on Newark Ave and benefits from proximity to mass transportation, including Journal Square PATH. Flexible lease terms are available for qualified users.
Key Highlights
- Recently renovated storefront property
- Flexible lease terms available
- Retail and professional office use supported
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,869
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,380
$257.4K
Cap Rate 7%
$183,843
$183.8K
Cap Rate 9%
$142,989
$143.0K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$22.1K $24.60/SF
− Vacancy
−$5.0K −$5.54/SF
EGI
$17.2K $19.07/SF
− OpEx
−$4.3K −$4.77/SF
NOI
$12.9K $14.30/SF
Area
Jersey City, NJ
Vacancy
22.50%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,380
Cap Rate 7%
$183,843
Cap Rate 9%
$142,989
Alternative Uses
Best Use
Retail
$212.5K
$185.9K – $247.9K
NOI $14,872 @ 7.0% cap · market cap 594.88%
Second Best
Office B
$183.8K
$160.9K – $214.5K
NOI $12,869 @ 7.0% cap · market cap 514.76%
Theoretical Best
Multifamily LT 5
$291.8K
$255.3K – $340.4K
NOI $20,426 @ 7.0% cap · market cap 817.04%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
5,179
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 07306, NJ
55,342
Population
24,770
Households
2.2
Avg Household Size
34
Median Age
50%
College-Educated
87%
High-School Grad
3.0 sq mi
ZIP Area
18,447
Density / Sq Mi
$75,861
Median Household Income
$49,522
Median Earnings
$1,619
Median Rent
$502,600
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
Similar Off Market Nearby
- Joseph's Florist — 222 Newark Ave Ste B, Jersey City, NJ 07302
- Bouquets and Baskets — 548 Jersey Ave, Jersey City, NJ 07302
- Hudson Florist — 741 Bergen Ave A, Jersey City, NJ 07306
- My Florist of Jersey City — 736 bergen ave, jersey city, nj 07306
- Casa Mona — 277 newark ave, jersey city, nj 07302
Frequently Asked Questions
What type of property is this?
Storefront property - Near Journal Square PATH with flexible lease terms and no food use.
Where is this storefront property located?
The property is located at 576 NEWARK AVE JC Jersey City, NJ.
What are key features of this property?
This property features: Recently renovated storefront property; Flexible lease terms available; Retail and professional office use supported
