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    307 Kearny Ave Kearny, NJ 07032

    Sponsored
    For Sale
    $1,209,999

    Prime Kearny location, high-traffic area.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional mixed-use property, located at 307 Kearny Avenue in Kearny, New Jersey (07032), presents a unique investment opportunity. Priced at $1,209,999, the building boasts a prime location at the corner of Kearny Avenue and Afton, benefiting from high foot traffic and proximity to numerous retail stores and restaurants. The property comprises one ground-floor storefront currently operating as a restaurant and two sizable residential apartments. Each apartment features a living room, dining room, kitchen, two bedrooms, and a full bathroom. Both apartments are generously sized and include separate utility meters. The building's convenient location offers easy access to essential amenities, including schools, a public library, and places of worship. Commuting is a breeze, with the property situated steps from the NJ Transit bus stop (routes 30 and 109) and a short distance from the PATH train station. Major highways, including the Turnpike, Parkway, and Routes 21, 17, 280, 3, and 46, are also easily accessible. This property is an ideal investment for those seeking a blend of commercial and residential income streams in a thriving New Jersey community. The high visibility and convenient location make this a truly exceptional opportunity.

    Property Features for 307 Kearny Ave

    General Information

    Property type
    Mixed-use properties

    HighLights

    • $1,209,999 asking price.
    • Mixed‑use property in Kearny, NJ.
    • One storefront (restaurant) and two large, 2‑bedroom apartments, each with separate utilities.
    • Prime Kearny Avenue location with high foot traffic, near retail, restaurants, schools, and public transportation.
    • Easy access to NYC via NJ Transit bus and PATH train, plus major highways (Turnpike, Parkway, Routes 21, 17, 280, 3, 46).
    Property Profile Location Intelligence

    Current Use by Public Records

    Myrna's Restaurant Peruvian Restaurant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Kearny
    County
    Hudson
    State
    New Jersey
    Longitude
    -74.1506069
    Latitude
    40.7615269

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    FAQs

    What type of property is this?
    Mixed-use property - Prime Kearny location, high-traffic area.
    Where is this mixed-use property located?
    The property is located at 307 Kearny Ave Kearny, NJ.
    What is the asking price?
    The asking price for this property is $1,209,999.
    What are key features of this property?
    This property features: $1,209,999 asking price.; Mixed-use property in Kearny, NJ.; One storefront (restaurant) and two large, 2-bedroom apartments, each with separate utilities.
    Request Owner's contact information
    307 Kearny Ave Kearny, NJ 07032
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    307 Kearny Ave Kearny, NJ 07032
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