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Investment Opportunity in Journal Square

2 Broadway Jersey City, NJ 07306
$2,300,000

2 Broadway Jersey City, NJ 07306

This 9 unit mixed-use building is comprised of 3 street level retail units and 6 two bedroom residential units. Solid brick construction with limestone ornamentation, the building is located on a highly trafficked commercial corridor and is only a 9 minute walk to the Journal Square PATH station.

The three retail spaces are currently used as restaurants and are under multi year leases with built-in annual rent increases.

The 6 residential units on the two floors above are all 2 bedroom 1 bathroom with box-layout. All are separately metered for utilities.

There are also 2 billboards on the building top which provide for additional income.

Located on a corner, the building fully covers the lot and has windows on 3 sides which allow for lots of light to fill the residential units. There is lots of upside potential.

Located in prime Journal Square, this is a great opportunity for those looking to invest in a rapidly booming area with lots of upside potential for both income and asset appreciation.

#190017916

  • 12 Bedroom
  • 6 Bath
  • 11,400 Sq Ft
  • 3 Floors + Basement
  • Brick Construction
  • Close to PATH
  • Six 2 Bed/1 Bath Residential Units

$2,300,000

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