307 Kearny Ave Kearny, NJ 07032
- Commercial real estate
- 0.06 lot acres
Current Use by Public Records
- Myrna's Restaurant / Peruvian Restaurant
Property Details for 307 Kearny Ave
- Year built
- 1905
- Construction
- FRAME
- Lot size
- 0.06 lot acres
- Property type
- Commercial real estate
- APN
- 07 00048-0000-00027
- APU
- 700048000000027
Description
This exceptional mixed-use property presents a unique investment opportunity in the thriving town of Kearny, New Jersey. Situated on a 0.06-acre lot at 307 Kearny Avenue, this building comprises a ground-floor commercial storefront currently operating as a restaurant, and two spacious residential apartments on the upper floors. Each apartment boasts a generous layout, including a living room, dining room, kitchen, two bedrooms, and a full bathroom. The apartments are sizable and feature separate utility meters for efficient cost management. The property benefits from a high volume of foot traffic due to its strategic location amidst a vibrant mix of retail stores and restaurants. Residents and patrons enjoy convenient access to essential amenities, including a nearby school, public library, and places of worship. Commuting is a breeze, with the property conveniently located steps from the NJ Transit bus stop (routes #30 and 109), and a short distance from the PATH train station, providing easy access to New York City. Major highways, including the Turnpike, Parkway, and Routes 21, 17, 280, 3, and 46, are also easily accessible, enhancing the property's overall appeal and connectivity. This turnkey investment offers a compelling blend of commercial and residential income potential in a highly desirable location. The asking price is $1,209,999.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Kearny
- County
- Hudson
- State
- New Jersey
- Longitude
- -74.1507
- Latitude
- 40.7615
- CBSA code
- 35620
- CBSA name
- NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA