16 Humphrey St, Englewood, NJ 07631

This offering presents a unique chance to acquire both real estate and an established business in Englewood, New Jersey. The sale encompasses three distinct lots located at 16, 18, and 22 Humphrey Street, totaling 15,950 square feet of land. The property at 16 Humphrey Street currently operates as a dumpling factory, functioning as a food processing facility with a retail takeout component. Adjacent to this, 18 Humphrey Street features a single-family residence, while 22 Humphrey Street is a grandfathered two-family dwelling. Detailed information regarding the business and properties is available upon the execution of a Non-Disclosure Agreement.

The real estate holds significant potential for redevelopment, benefiting from the D-1b (Downtown district - Business/Commercial Mixed Use) zoning designation. This zoning classification supports a variety of uses, including commercial businesses, mixed-use residential developments, and high-density neighborhood options within Englewood's downtown commercial core. The property's location on Humphrey Street, Bennet Street, and Armory places it strategically within this active commercial area.

Further enhancing the development prospects, the lots are situated within an overlay zone. This designation can provide additional advantages, such as density bonuses that may permit ground-floor retail spaces with residential apartments situated above, and an expansion of permitted uses. The property's frontage offers views of the well-known Brownstone apartment complex on Palisade Avenue, indicating its proximity to established residential and commercial activity.

The commercial building at 16 Humphrey Street, approximately 3,782 square feet, is classified as a C building class and was constructed in 1970. The zoning, identified as CBD1, specifically designates it as a mixed-use downtown district that accommodates retail, commercial, office, and other compatible businesses, emphasizing pedestrian-oriented development. This combination of existing infrastructure, a thriving business, and favorable zoning makes this a compelling investment opportunity.