Listed by Ripco Real Estate
$10,500,000
404 Tonnelle Ave
Details
Property Type Retail
Sub Type Day Care/Nursery, Storefront
Square Footage 28,000
Units 2
Occupancy 66%
Tenancy Multi
Lease Type NNN
Remaining Term 11
Stories 2
Acreage 1.380
Zoning HC (Highway Commercial)
Parking Spaces 50 spaces
Parking Per SqFt 1.79
Investment Type Value Add
Sale Condition 1031 exchange
Retail | 28,000 SF
Marketing description
This property sits close to the revitalization of Journal Square. The property is 1.38 Acres (55,875 SF) between the Lincoln and Holland Tunnels, close to major highways, NJ Turnpike extension, Newark Airport, and Port Newark. The desirable Jersey City Heights is behind the property.
Located in Jersey City?s ?Green Zone?, cannabis is permitted by law in this property and landlord is accepting cannabis use. There is 10,000 SF of space available for lease.
Investment highlights
- High Traffic Counts - 66,000 vehicles per day
- Property sits at a busy 4-way traffic light intersection
- High population density
- Property is in the center of the Route 1 and 9 business district
- 10,000 SF space available for lease
- Entire property is available for sale or the 10,000 SF vacant space is available for lease
Listing Contacts
Listed by Ripco Real Estate
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