404 Tonnele Ave Jersey City, NJ 07306
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High-traffic retail investment opportunity. 28,000 SF, 50 parking spaces.
Property size:
28,000 SFProperty Features for 404 Tonnele Ave
General Information
- Property type
- Individual retail properties
- Square Feet
- 28,000 SF
- Lot Size
- 60,113 SF
Building Details
- Stories
- 2
- Units
- 2
Listing Agency: RIPCO Real Estate - New Jersey Listing Agent: Florian Suserman
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional investment opportunity presents a two-story, 28,000 square foot multi-tenant storefront located at 404 Tonnelle Avenue in Jersey City, New Jersey. Currently 66% occupied, this property offers significant upside potential with approximately 10,000 square feet of new retail space available. The asking price is $10,000,000. The property boasts a highly desirable location within the bustling Routes 1 & 9 business district, situated at a busy four-way traffic light intersection experiencing high daily traffic counts of 70,581 vehicles. This prime location benefits from a dense population base. The property sits on a 1.38-acre lot and includes ample parking with approximately 50 spaces. The building features two stories and is zoned HC (Highway Commercial). The current lease type is NNN with a multi-tenant occupancy and 11 years remaining on the lease. This is a rare opportunity to acquire a substantial retail property in a high-demand area with excellent growth prospects. Don't miss this chance to capitalize on a strong investment in a thriving commercial corridor.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Academy House Child ...
Daycare Center
Location Insight
- Map
- Local Demand
- City
- Jersey City
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.0622254
- Latitude
- 40.7450879
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FAQs
What type of property is this?
Individual retail property - High-traffic retail investment opportunity. 28,000 SF, 50 parking spaces.
Where is this individual retail property located?
The property is located at 404 Tonnele Ave Jersey City, NJ.
What is the asking price?
The asking price for this property is $10,000,000.
What are key features of this property?
This property features: High daily traffic counts of 70,581 vehicles.; Excellent visibility at a signalized four-way intersection.; Located in a high-density population area.
