307 Kearny Ave Kearny, NJ 07032
For Sale
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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.
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Myrna's Restaurant Restaurant
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.