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    404 Tonnele Ave Jersey City, NJ 07306

    Sponsored
    For Sale
    $10,000,000

    High-traffic retail investment opportunity. 28,000 SF, 50 parking spaces.

    Property size:
    28,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    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 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

    HighLights

    • High daily traffic counts of 70,581 vehicles.
    • Excellent visibility at a signalized four‑way intersection.
    • Located in a high‑density population area.
    • Prime location within the Routes 1 & 9 business district.
    • Up to 10,000 square feet of new retail space available.
    • Approximately 50 parking spaces available.
    Property Profile Location Intelligence

    Current Use by Public Records

    Academy House Child ... Day Care Center

    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
    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.
    Request Owner's contact information
    404 Tonnele Ave Jersey City, NJ 07306
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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
    404 Tonnele Ave Jersey City, NJ 07306
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