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Property profile

2-36 Garfield Ave Jersey City, NJ 07305

OFF-MARKET
Retail properties & Spaces
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Property summary

AI-generated overview

This exceptional 8,350-square-foot retail space is situated within the thriving Twin City Shopping Center, a 95,299-square-foot grocery-anchored center located at the Jersey City/Bayonne border, conveniently positioned at the intersection of Garfield Avenue/Broadway and East 53rd Street. This high-traffic location boasts over 1.4 million annual visits*, benefiting from its proximity to Exit 14A of the New Jersey Turnpike, a major thoroughfare with over 19,000 vehicles passing daily. The center features a strong mix of restaurant and service tenants, creating a vibrant and attractive environment for businesses. Recent improvements to the property significantly enhance its curb appeal. These upgrades include a new façade, refurbished stonework and sidewalks, LED lighting, new pylon signage, post-and-rail fencing, and upgraded landscaping. The center also benefits from a newly constructed, stand-alone Taco Bell, and recent renovations by established tenants such as Wendy's and Dunkin'. This space presents a unique opportunity to establish a presence in a well-maintained, high-visibility retail center with excellent access to major transportation routes and a substantial customer base. The space is immediately available for lease. *Based on annual center traffic data.

Property profile

Verified
Property type Retail properties & Spaces

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Restaurant
  • Shopping Center & Mall

Location

2-36 Garfield Ave Jersey City, NJ 07305
Jersey City metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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