118 Godwin Ave, Midland Park, NJ 07432

This commercial property, located at 118 Godwin Ave in Midland Park, NJ 07432, presents a significant investment opportunity. Constructed in 1978, the building spans 5,000 square feet and is classified as a Class B, single-story structure. Its current zoning is B-1, designated for Business (Retail) use, making it suitable for a variety of commercial enterprises. The property is structured with multiple tenancies, indicating a diversified income potential for an investor.

The building's design includes substantial parking facilities, featuring 76 spaces. This translates to a ratio of 15.2 spaces per 1,000 square feet of leased area, a considerable advantage for businesses requiring ample customer or employee parking. The property's subtype is listed as a Convenience Store, suggesting a history of retail operations that have benefited from its location and accessibility.

Further enhancing its investment appeal, the property is being offered with a stated capitalization rate of 5.49%. This metric is a key indicator for real estate investors, reflecting the potential return on investment based on the property's net operating income. The building's construction year of 1978 indicates a mature structure that has served its purpose for several decades.

The property's location in Midland Park, New Jersey, within the 07432 zip code, places it in a commercially active area. The B-1 zoning specifically supports retail operations, aligning with the property's subtype and parking provisions. The multi-tenant setup suggests a stable operational model, potentially reducing vacancy risks for a new owner. This offering represents a distinct chance to acquire a commercial asset with established infrastructure and zoning conducive to retail and business activities.