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    32 Oakland Ave Jersey City, NJ 07306

    Sponsored
    For Lease
    $20 SF/Yr

    Class A Office Suites, Journal Square

    Lot size:
    28,898 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional Class A commercial property, "The Overlook," located at 32 Oakland Ave, Jersey City, NJ 07306, offers 7 available spaces ranging from 1,700 to 5,998 square feet. Situated in the vibrant Journal Square submarket's Court House District, this 17-story building boasts a prime location near the new Hudson County Court House, Dickinson High School, and numerous residential developments. The building features 35 total parking spaces, high-powered 450 3-phase electricity, and elevators. With its 2023 construction, this modern space is ideal for medical offices, traditional offices, restaurants, cafes, retail businesses, or convenient stores. The property's zoning is JSQ 2060, and it benefits from proximity to the JSQ PATH station (less than a 10-minute walk) and Downtown Jersey City (15-minute walk). The building is part of a larger development including 297 residential units and 15,000 square feet of ground floor retail and outdoor space, serving a dense population of 21,681 residents with a median age of 34. Mezzanine and ample basement space are available with private elevator access. The substantial residential development pipeline in the area (approximately 15,000 rental units) ensures a strong and growing customer base. Property taxes are $4 per square foot. This location is perfectly suited for businesses seeking high visibility and accessibility within a thriving community.

    Property Features for 32 Oakland Ave

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,898 SF
    Class
    A

    Building Details

    Year Built
    2023
    Buildings
    1
    Stories
    17

    Unit(s) available at that property

    Space
    Fourth Floor - Suite 401
    Size
    4,056 SF
    Rate per SF
    $25
    Space
    Fourth Floor - Suite 404
    Size
    3,113 SF
    Rate per SF
    $25
    Space
    Third Floor - Suite 302
    Size
    5,998 SF
    Rate per SF
    $25
    Space
    Third Floor - Suite 304
    Size
    1,700 SF
    Rate per SF
    $25
    Space
    Fourth Floor - Suite 403
    Size
    5,998 SF
    Rate per SF
    $25
    Space
    Third Floor - Suite 301
    Size
    3,009 SF
    Rate per SF
    $25
    Space
    Third Floor - Suite 303
    Size
    5,024 SF
    Rate per SF
    $25

    HighLights

    • New 406,000 SF Frank J. Guarini Justice Complex, housing 24 courtrooms.
    • High‑traffic location with 8.3 million annual PATH riders at nearby Journal Square Transportation Center, plus 8 million via other transit.
    • Convenient Oakland Avenue location, just off Newark Avenue.
    • Three blocks from Journal Square PATH station.
    • Steps from the new Hudson County Superior Courthouse.
    Property Profile Location Intelligence

    Current Use by Public Records

    Overlook Flats Jersey ... Apartment Building

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply 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
    -74.056265
    Latitude
    40.733298

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    FAQs

    What type of property is this?
    Restaurant - Class A Office Suites, Journal Square
    Where is this restaurant located?
    The property is located at 32 Oakland Ave Jersey City, NJ.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: New 406,000 SF Frank J. Guarini Justice Complex, housing 24 courtrooms.; High-traffic location with 8.3 million annual PATH riders at nearby Journal Square Transportation Center, plus 8 million via other transit.; Convenient Oakland Avenue location, just off Newark Avenue.
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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
    32 Oakland Ave Jersey City, NJ 07306
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