573 Palisade Ave Jersey City, NJ 07307
This exceptional Class A retail storefront, located at 573 Palisade Ave in Jersey City's Heights neighborhood, offers 1,321 square feet of space in a brand-new (2024) building. The space is configured with 783 square feet at street level and an additional 538 square feet below grade, providing ample room for a variety of retail uses. The building boasts modern amenities including an elevator. Situated on 0.09 acres, this single-tenant space is part of a vibrant commercial area, surrounded by successful businesses such as Angry Archies, Lil' Dove Cafe, Busy Bee Organics, Fox and Crow, Corto, and ModCup. The Heights neighborhood is known for its high concentration of affluent young professionals (20-45 years old) with significant discretionary income and a strong preference for walking, biking, or public transportation. This results in exceptionally high foot traffic. The area also features a diverse mix of businesses, including professional services like attorney and dentist offices. The property's Commercial zoning and convenient location make it an ideal opportunity for a business seeking a thriving and dynamic environment in a newly constructed building with modern infrastructure and an elevator. The property features 10,000 total square feet across four stories. The APN is 06-02304-0000-00024. This is a single-tenant space in a four-story building. The property is powered and has one elevator.
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
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