2 Broadway, Jc, Journal Square, NJ 07306

$2,300,000
List Price
$2,300,000

Property Description

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.

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Listing courtesy of KELLER WILLIAMS CITY LIFE JC REALTY.

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