4,500 SF Mixed-use | 6 Unit Mixed-use | Downtown Jersey City
324 3rd St
Jersey City, NJ 07302
Highlights
- Wonderful Owner-User for Restaurant or Bar Operation
- Liquor License Sold Separately - Inquire today for it!
- Prime Downtown Jersey City Location
- Add Value Investment - Undervalued Rents
Description
KW Commercial's Ryan Cooper and Bruce Elia Jr are proud to present this exciting new opportunity to own a piece of Downtown, Jersey City with this 4,500 SF mixed-use residential & storefront retail property.
Distinguished Opportunity: The Barge Inn - Restaurant, Bar, and Four Apartment Units
Presenting an iconic opportunity to acquire not just one, but two well-established and highly successful businesses – The Barge Inn, a renowned restaurant and bar, along with four accompanying apartment units. This corner property, strategically positioned just off Newark Avenue, has proudly served as a neighborhood cornerstone for over five decades.
Encompassing the full footprint of the lot, this property offers a myriad of possibilities for investors and entrepreneurs alike. Ideally located in proximity to Newark Avenue's pedestrian plaza and restaurant row, this establishment has been a consistent presence in the community.
The Grove Street PATH features four apartments, each thoughtfully designed for modern living. Unit 1 comprises a one-bedroom with a bonus room and one bath, while Units 2 and 3 offer two bedrooms and one bath each. Unit 4 is a well-appointed one-bedroom with one bath. Alongside the residential units, the property includes a thriving restaurant and bar, both contributing to the allure of this investment.
Currently, the owner is in the process of developing plans for a strategic redevelopment, presenting a substantial opportunity for new development in this prime location. The entire building, including the restaurant, bar, and apartments, can be delivered vacant, offering a clean slate for visionary projects.
Explore the immense potential of this distinguished property – an iconic establishment poised for a new chapter of success. For further details or to discuss this unparalleled opportunity, kindly contact us at your earliest convenience.
