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A new retail listing has hit the market at 450 Grand Street in Downtown Jersey City. The highly visible 1,450 square foot space sits directly across from the corner of Grand Street and Pacific Avenue. This heavily-traveled corridor sees upwards of 21,600 vehicles pass by per day, offering great exposure to any new business.
The building has 25 feet of frontage along Grand Street and is currently configured as a bar/restaurant. In the rear of the building, there’s a paved parking lot that can be used for customer or employee parking.
Just a block away is the Old Colony Square shopping center with national brands including McDonald’s, Dunkin’ Donuts, and Advanced Auto Parts.
There’s a lot of new development in the works nearby as well. Directly next door at 460 Grand Street an 80-unit project is in the works and behind the property, at 100 Colden Street, an 128-unit building has been proposed.
Two blocks east, the newest Liberty Harbor building is underway at 333 Grand Street. If you head down Pacific Avenue, the main artery into the burgeoning Lafayette neighborhood, you’ll find numerous recently approved developments, including a 93-unit project at 440-446 Whiton Street and a 308-unit at 100 Monitor Street.
This space, previously used as a social club, is ideal for restaurant, office, medical or retail use. It’s asking $22.75 per square foot, which puts the rent at $2,750 per month. Entrepreneurs, bring your ideas!
For more information or to schedule a tour, contact Gregory Edgell at (973) 610-5145 or [email protected]ell.com.
Listing: 450 Grand Street, Jersey City
Agent: Gregory Edgell / Weichert Realtors
450 Grand St, Jersey City, NJ 07302