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Property profile & analytics
FOR SALE
Commercial real estate

307 Kearny Ave Kearny, NJ 07032

0.06 ac lot Built 1905
Entity Owned 1-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US59-0550046
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Year built 1905
Construction FRAME
Lot 0.06 ac (2,500 SF)
APN 07 00048-0000-00027
UPID US59-0550046
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Myrna's Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Cd & Yl LLC · 1 yrs held
Cd & Yl LLC
since 2024
6 recorded transactions
2024
Price N/A
2015
$520,000
1999
$400,000
1997
$270,000
1996
$43,743
1994
$245,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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