118 Godwin Ave, Midland Park, NJ 07432
118 Godwin Ave, Midland Park, NJ 07432
$3,950,000
Request info
Basic Details
- Date added: Added 1 month ago
- Type: Commercial
- Category: For Sale
- Status: Open
Description
-
Description:
5,000 SF Retail Building Midland Park, NJ 07432 $3,950,000 ($790/SF) 5.45% Cap Rate
Patrick Forde License # 2330333 (NJ) Matthews Real Estate Investment Services, Inc 300 Frank W Burr Blvd, Suite 440 Teaneck, NJ 07666 (866) 889-0550
Show all description
Property Details
- Parking: 76 Spaces (15.2 Spaces per 1,000 SF Leased)
- Area: 5,000 sq ft
- Year built: 1978
- Sale Type: Investment NNN
- Cap Rate: 5.45%
- Building Size: 5,000 SF
- Building Class: B
- Property Subtype: Convenience Store
- Tenancy: Multiple
- Building Height: 1 Story
- Building Far: 0.13
- Zoning: B-1
Highlights
-
- Fully Stabilized, 100% Occupied Retail Center: Two-tenant property anchored by 7-Eleven and Fiona’s Italian Restaurant.
- High-Barrier-to-Entry Market: Midland Park, Bergen County is known for limited new retail development opportunities
- Flexible Zoning (B-1): Permits a variety of future tenant uses and potential redevelopment opportunities.
- Prime Bergen County Location: Located at the signalized intersection of Godwin Ave, Goffle Rd, and Vreeland Ave, offering excellent visibility.
- Attractive Parcel & Parking: Situated on a ±0.86 AC with ±5,000 SF GLA and an exceptional 76 parking spaces (15.2/1,000 SF).
- Expansion Potential: Opportunity to add approximately ±2,800 SF of additional space, creating meaningful value-add upside for investors.
Property Taxes
- Parcel Number: 35-00018-0000-00001
- Land Assessment: $934,100
- Improvements Assessment: $367,200
- Total Assessment: $1,301,300
Agent
Michael Tamir
Matthews Real Estate Investment Services
Kevin Puder
Matthews Real Estate Investment Services
Chad Kurz
Matthews Real Estate Investment Services
Location
Need More Information About This Property?
Fill out the quick form, and we’ll connect you with a local expert who specializes in your area and property type.
-
Local Market Expertise
-
Personalized Guidance
-
Fast & Friendly Response