358 7Th St Jersey City, NJ 07302
This exceptional 500-square-foot retail condominium is ideally situated in the heart of Downtown Jersey City, at 358 7th Street, #4, zip code 07302. Offered at $399,000, this represents a compelling price per square foot of $798. The property is a single-unit, single-story building, perfect for a variety of retail uses. The current lease, a single-tenancy agreement, expires on July 31, 2024, leaving the property vacant and ready for immediate occupancy on August 1, 2024. The previous lease term was two years, commencing August 1, 2022. This prime location boasts excellent accessibility, with proximity to the PATH train, numerous restaurants, parks, the New Jersey Turnpike, and the Holland Tunnel, ensuring high foot traffic and visibility. The building features a recently updated roof, installed just two years ago. This turnkey opportunity presents a rare chance to acquire a well-located, move-in ready retail space in a thriving Jersey City neighborhood. Don't miss this chance to own a piece of Downtown Jersey City's vibrant commercial landscape.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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