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154 Chestnut Ave
Jersey City, NJ 07306
Retail Property For Sale
Investment Highlights
- Already set up as a fast food restaurant
- Make additional income on the residential rentals
Executive Summary
This property boasts a versatile multi-unit mixed layout, featuring spacious 2-to-3-bedroom configurations with bright, open-concept living spaces and stunning, sought-after views of the NYC skyline.
The deep 109-foot lot provides excellent outdoor potential, while the frame construction features robust utilities including multi-zone gas heating. Located just 3 blocks from the Journal Square PATH station, your tenants will enjoy a seamless commuter experience into lower and midtown Manhattan. this property promises high rental demand and strong long-term appreciation. Bring your vision and capitalize on the booming Jersey City market today!
Seize the opportunity to position your business in one of Jersey City's most rapidly expanding neighborhoods! Located at 154 Chestnut Ave, this highly visible, ground-floor commercial space is perfectly outfitted for a premier restaurant, café, or retail concept. Positioned just 3 to 4 blocks from the bustling Journal Square PATH station, the location guarantees heavy, built-in foot traffic from NYC commuters and local residents alike.
The space has been thoughtfully modernized and features brand-new, electrical systems, fully updated plumbing, and separate utilities—saving you massive upfront capital and construction delays. Boasting a clean, versatile layout with excellent street frontage and large windows, this property offers the ultimate canvas to build or scale your brand.
Don't miss out on securing a foothold in Jersey City's premier commercial hub. Schedule your private walkthrough today!
The deep 109-foot lot provides excellent outdoor potential, while the frame construction features robust utilities including multi-zone gas heating. Located just 3 blocks from the Journal Square PATH station, your tenants will enjoy a seamless commuter experience into lower and midtown Manhattan. this property promises high rental demand and strong long-term appreciation. Bring your vision and capitalize on the booming Jersey City market today!
Seize the opportunity to position your business in one of Jersey City's most rapidly expanding neighborhoods! Located at 154 Chestnut Ave, this highly visible, ground-floor commercial space is perfectly outfitted for a premier restaurant, café, or retail concept. Positioned just 3 to 4 blocks from the bustling Journal Square PATH station, the location guarantees heavy, built-in foot traffic from NYC commuters and local residents alike.
The space has been thoughtfully modernized and features brand-new, electrical systems, fully updated plumbing, and separate utilities—saving you massive upfront capital and construction delays. Boasting a clean, versatile layout with excellent street frontage and large windows, this property offers the ultimate canvas to build or scale your brand.
Don't miss out on securing a foothold in Jersey City's premier commercial hub. Schedule your private walkthrough today!
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,070 SF
Building Class
C
Year Built
1918
Price
$1,904,445 CAD
Price Per SF
$375.63 CAD
Cap Rate
8.67%
NOI
$165,052 CAD
Percent Leased
100%
Building Height
3 Stories
Building FAR
1.57
Lot Size
0.07 AC
Zoning
Commercial - Multi-Use with 1 commercial and 2 residential apartments
Frontage
30’ on Chestnut Ave
Property Taxes
| Parcel Number | 06-09706-0000-00002 | Improvements Assessment | $1,147,887 CAD |
| Land Assessment | $343,082 CAD | Total Assessment | $1,490,969 CAD |
Property Taxes
Parcel Number
06-09706-0000-00002
Land Assessment
$343,082 CAD
Improvements Assessment
$1,147,887 CAD
Total Assessment
$1,490,969 CAD
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