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Jersey City,NJ 07302
Key Details
Property Type Single Family Home
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3878750
Annual Tax Amount $24,386
Tax Year 2023
Lot Size 2,178 Sqft
Property Description
Distinguished Opportunity: The Barge Inn - Restaurant, Bar, and Four Apartment UnitsPresenting 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.
Location
State NJ
County Hudson
Zoning Res/Com
Rooms
Basement Finished-Partially, Full
Interior
Cooling Window A/C(s)
Equipment Appliances, Restrooms - Private
Exterior
Exterior Feature Wood
Utilities Available Gas-Natural
Roof Type Asphalt Shingle
Parking Type None
Building
Story 3
Water Public Water
Others
Ownership Fee Simple