This commercial property, located at 1178-1182 Teaneck Road in Teaneck, New Jersey, presents a versatile opportunity for investment or owner-user purposes. The building encompasses a total area of 7,534 square feet, constructed in 1950 with a significant renovation or addition in 1987. Situated within the BR - Special Business - Residential zoning district, the property is designed as a three-story structure with a building class of C. Its current tenancy is multiple, indicating a diversified income potential or the possibility of occupying a portion of the space while leasing the remainder.
The property is strategically positioned on a lot with a total land area that supports its current footprint and provides ample amenities. A notable feature is the dedicated parking, offering 14 spaces, which translates to approximately 1.86 spaces per 1,000 square feet of leased area. This level of parking is a significant advantage in a commercial setting, catering to both employees and clients. The building's height of three stories allows for efficient use of the land, maximizing the usable square footage for various business operations.
The property subtype is identified as Office/Residential, suggesting a mixed-use potential or a historical configuration that could be adapted. The year of construction, 1950, and the subsequent update in 1987, indicate a building with established infrastructure that has undergone modernization. The multiple tenancy arrangement suggests a stable operational history, providing a foundation for future revenue generation or operational flexibility for a new owner.
This offering at 1178-1182 Teaneck Road is a compelling option for those seeking a commercial asset in a well-established New Jersey location. The combination of its size, zoning, parking provisions, and mixed-use designation makes it suitable for a range of commercial enterprises. The property's structure and existing tenancy are key factors for potential investors or businesses looking to establish or expand their presence in the Teaneck area.

Marcus & Millichap
Marcus & Millichap

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