Sold
400 CENTRAL AVE
JC, Heights NJ, 07307
$1,850,000
Sold
Commercial
400 Central Ave is a brick, 10-unit (9 residential & 1 commercial), mixed-use property located in the heart of Jersey City Heights' retail corridor. Included in the sale is a class "D" 44 plenary retail distribution LIQUOR LICENSE. Currently the home of neighborhood staple, Podewitz Liquor and Deli, 400 Central offers an owner/user or investor a VALUE ADD opportunity to take over an established business, create a new concept, or simply rent and collect income. 4 residential units and the FULLY VENTED commercial storefront will be DELIVERED VACANT, providing an easy vacancy capital improvement play, a proforma NOI of $146,972, and a proforma CAP of 7%. Owner pays hot water (new commercial system installed), all other utilities paid by tenants.
180016043
MLSⓇ ID
March 14, 2024
Updated
Map
400 CENTRAL AVE
JC, Heights NJ, 07307
Other Property Details
Area Name
JC, Heights
Days on Market
2
Garage
No
View
No
County
Hudson
Pool
No
Courtesy of VUE REALTY GROUP LLC with ,
Listing Contact: 201-792-4300
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Data last updated on 3/14/2024 at 7:26 PM UTC