507 Broad Ave, Palisades Park, NJ 07650
507 Broad Ave, Palisades Park, NJ 07650
$2,700,000
Request info
Basic Details
- Date added: Added 1 month ago
- Type: Commercial
- Category: For Sale
- Status: Closed
Description
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Description:
6,500 SF 100% Leased Retail Building Palisades Park, NJ 07650 $2,700,000 ($415.38/SF) 4.44% Cap Rate
Well Maintained 1 Retail Store and 4 Apartments, Tenants paid own their utilities. NJ Transit Bus Stop in front of the building, Walkin Distance shop, Restaurant, Market, School and Church. Excellent Condition, 6 Cars Parking, Call Clara Jeong 929-312-0250 for Details( Income and Expenses) Rare Commercial On Broad Ave, Palisades Park, 20 Yrs Old Building
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Property Details
- Parking: 6 Spaces (0.92 Spaces per 1,000 SF Leased)
- Frontage: 58’ on Broad Ave
- Area: 6,500 sq ft
- Year built: 2008
- Sale Type: Investment
- Cap Rate: 4.44%
- Building Size: 6,500 SF
- Building Class: C
- Property Subtype: Storefront Retail/Residential
- Tenancy: Multiple
- Percent Leased: 100%
- Building Height: 3 Stories
- Building Far: 1.36
- Zoning: Commercial/Residential
Highlights
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- Very Rare on the Market on Broad Ave
Property Taxes
- Parcel Number: 45-00220-0000-00021
- Land Assessment: $752,900 (2025)
- Improvements Assessment: $1,517,600 (2025)
- Total Assessment: $2,270,500 (2025)
Agent
Young Kim
Promise Realty LLC
Location
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