57 Sip AveJersey City, NJ 07306

  • Commercial real estate
  • 0.10 AC
For Sale
$130,000 View listing

Property Details for 57 Sip Ave

Year built
1923
Construction
BRICK
Lot size
0.10 AC
Property type
Commercial real estate
APN
06 10704-0000-00001
APU
610704000000001

Description

This thriving juice bar, located at 57 Sip Ave, Jersey City, NJ 07306, presents a fantastic turnkey opportunity. Priced at $130,000, this 1,250 square foot establishment boasts a modern, fully equipped interior with top-of-the-line fixtures. The spacious layout includes an inviting seating area bathed in natural light, durable tiled flooring, and a climate-controlled environment thanks to an advanced HVAC system. A professional-grade kitchen is included, along with a high-definition camera system for enhanced security. The exterior features a prominent storefront with large display windows, ensuring excellent visibility in a high foot-traffic area. Ample on-street parking is available for customer convenience, and dedicated signage space maximizes business exposure. This prime location in Jersey City's vibrant business district offers easy access to public transportation and major highways, surrounded by a bustling community of health-conscious clientele. The business benefits from its position in a high foot traffic area, directly across from the bridges, ensuring a steady stream of potential customers. This is a ready-to-go business with the potential for menu expansion and capitalizing on the growing demand for healthy food options. The asking price per square foot is $104. This is an exceptional investment in a dynamic commercial area.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $808,997
    Hospitality
    $741,037
    Educational
    $616,534
    Medical
    $637,738
    Retail
    $959,053

Location Insight

City
Jersey City
County
Hudson
State
New Jersey
Latitude
40.7303
Longitude
-74.062
CBSA code
35620
CBSA name
NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$168,161
$373,400
$6,326,600
$6,700,000
-
$373,400
$6,326,600
$6,700,000

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