189 Erie Street

Located at 189 Erie Street in the heart of Downtown Jersey City, this highly visible corner commercial property presents a rare opportunity to acquire both a thriving restaurant business and a strategically positioned urban retail asset in one of Northern New Jersey’s fastest-growing neighborhoods. Currently home to The Corner Pho, the approximately 4,000 SF restaurant occupies a prime corner lot near the Hoboken border, benefiting from exceptional pedestrian activity, dense residential demographics, and strong commuter traffic. The property features expansive wraparound frontage with double-sided exposure, maximizing signage visibility and branding potential along Erie Street and the intersecting corridor. Positioned between the affluent Hamilton Park and Newport neighborhoods, the location is surrounded by luxury residential mid-rises, medical offices, neighborhood retail, and an ever-expanding population of young professionals and families.

The fully built-out restaurant space offers a spacious open dining room, a dedicated bar and sports lounge alcove, private dining flexibility, ADA-compliant access and restrooms, and seating capacity for approximately 95 guests, with the ability to comfortably host 50–60 person banquet events and private parties. The layout was designed to support both high-volume à la carte dining and catering operations, making it adaptable for a wide range of restaurant concepts including Asian fusion, sushi, steakhouse, cocktail lounge, gastropub, Mediterranean, or upscale casual dining. The property includes a coveted Plenary Retail Consumption Liquor License covering the entire premises, significantly enhancing operational and resale value.

The commercial kitchen infrastructure is exceptionally robust and fully equipped for intensive food production, featuring dual walk-in freezers, walk-in refrigeration, custom wok stations, multiple hood systems, fryers, grill stations, stock pot ranges, chef bases, commercial prep stations, POS technology, bar refrigeration systems, and catering-capable production equipment. The existing setup allows a new operator to begin business immediately with minimal additional capital investment. Included Toast POS infrastructure consists of two cashier stations, handheld ordering tablets, kitchen display systems, and integrated printing systems designed for efficient front- and back-of-house operations.

From an investment standpoint, the property benefits from Jersey City’s continued residential and commercial expansion, particularly within the highly desirable 07302 zip code where retail vacancy remains limited and demand for experiential dining concepts continues to rise. The surrounding neighborhood boasts a “Walker’s Paradise” rating, with immediate access to Newport Centre Mall, the Hudson River waterfront, Hamilton Park, Newport PATH Station, Hoboken nightlife, and direct Manhattan connectivity via PATH and nearby major highways including Route 139 and I-78. The nearby Newport PATH Station provides rapid commuter access to Manhattan, drawing a constant flow of residents, professionals, and visitors through the corridor daily. Additionally, the area continues to experience substantial multifamily development growth, creating an expanding built-in customer base for food, beverage, and hospitality operators.