

361 Kearny St
Mixed Use | 5.58% CAP | 4,500 SqFt
Marketing description
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, 361 Kearny Ave, 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 allows for 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, 328-332 Maple St, is accessible from a quiet residential street. It consists of a 7,500 SF paved parking lot with 24 spaces, of which 19 are currently leased at $200-$300 per month per space, generating $4,200 in monthly income ($50,400 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.
Investment highlights
- PRIME LOCATION ON MAIN CORRIDOR
- 2 ADJOINED LOTS / 2 STREAMS OF REVENUE
- STRONG DEVELOPMENT POTENTIAL FOR APARTMENTS OVER RETAIL
- ALL NEW HVAC (2023)
- FULL BASEMENT WITH HIGH CEILINGS
- 24 PARKING SPACES OF WHICH 19 RENTED FOR $2-$300/MONTH WITH WAITLIST @ LOWER THAN MARKET RENTAL RATES
- INCOME POTENTIAL FOR EXISTING RETAIL $72,000/YR @ MARKET RATE
- PERFECT FOR OWNER OPERATOR OR INVESTOR
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