432 Kearny Ave Kearny, NJ 07032-2604

This exceptional mixed-use property, located at 432 Kearny Avenue in Kearny, New Jersey, presents a lucrative investment opportunity. The building boasts a substantial 2,300 square feet of space situated on a generous 25,893 square foot lot. The ground floor is currently configured as retail space, ideal for a variety of businesses given its prime location. Above the retail space, the second floor comprises two separate two-bedroom apartments, each providing comfortable living quarters for tenants. A key advantage is the presence of separate utilities for each unit, simplifying management and potentially maximizing rental income. Currently, the apartments operate on a month-to-month tenancy agreement, offering flexibility for future management decisions. The property's substantial lot size presents potential for future expansion or redevelopment, subject to local zoning regulations. This property is well-suited for an investor seeking a blend of stable rental income and potential for future appreciation. The asking price of $810,000 reflects the property's strong potential return on investment. Serious inquiries are encouraged to explore this promising opportunity further. Financial statements and further details are available upon request.