Log In/Sign Up
Your email has been sent.
361 Kearny Ave 2,340 SF Retail Building Kearny, NJ 07032 $2,448,558 CAD ($1,046.39 CAD/SF) 7% Cap Rate
Investment Highlights
- C-3 zoning with mixed-use redevelopment potential.
- Owner-occupant potential with future upside from retail lease-up plus income from a 24-space, waitlisted parking lot.
- Two contiguous lots totaling 10,600 SF with dual access from Kearny’s main commercial corridor and a residential street.
Executive Summary
Prime Mixed-Use Investment with Redevelopment Potential
Positioned along Kearny’s active main corridor, this distinctive mixed-use property encompasses two contiguous parcels totaling approximately 10,600 SF, offering strong in-place income and exceptional long-term development potential.
The front parcel features a 2,340 SF commercial building currently leased to a successful liquor store operator. The space includes 14-foot ceilings and a full 2,100 SF basement, providing roughly 4,500 SF of total usable area. Zoned C-3 (General Commercial District), the site permits mixed-use redevelopment up to three stories—ideal for adding residential units above ground-floor retail in one of Hudson County’s fastest-growing markets.
The rear parcel, accessible from a quiet residential street, consists of a 7,500 SF paved parking lot with 24 spaces, currently leased at $250 per month per space, generating $6,000 in monthly income ($72,000 annually). The commercial unit offers additional potential retail income of approximately $6,000 per month.
With dual street access, flexible zoning, established tenancy, and strong cash flow, this property presents a rare opportunity to acquire a high-performing asset with meaningful value-add potential in the heart of Kearny’s evolving commercial district.
Positioned along Kearny’s active main corridor, this distinctive mixed-use property encompasses two contiguous parcels totaling approximately 10,600 SF, offering strong in-place income and exceptional long-term development potential.
The front parcel features a 2,340 SF commercial building currently leased to a successful liquor store operator. The space includes 14-foot ceilings and a full 2,100 SF basement, providing roughly 4,500 SF of total usable area. Zoned C-3 (General Commercial District), the site permits mixed-use redevelopment up to three stories—ideal for adding residential units above ground-floor retail in one of Hudson County’s fastest-growing markets.
The rear parcel, accessible from a quiet residential street, consists of a 7,500 SF paved parking lot with 24 spaces, currently leased at $250 per month per space, generating $6,000 in monthly income ($72,000 annually). The commercial unit offers additional potential retail income of approximately $6,000 per month.
With dual street access, flexible zoning, established tenancy, and strong cash flow, this property presents a rare opportunity to acquire a high-performing asset with meaningful value-add potential in the heart of Kearny’s evolving commercial district.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
2,340 SF
Building Class
C
Year Built
1957
Price
$2,448,558 CAD
Price Per SF
$1,046.39 CAD
Cap Rate
7%
NOI
$171,399 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.77
Lot Size
0.07 AC
Zoning
C-3 - C-3 / See Documents for Zoning & Use Regulations
Amenities
- Fenced Lot
- Signage
Walk Score®
Walker's Paradise (90)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $74,817 CAD | |
| Land Assessment | $112,226 CAD | Total Assessment | $187,043 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$112,226 CAD
Improvements Assessment
$74,817 CAD
Total Assessment
$187,043 CAD
1 of 33
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
361 Kearny Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.