171-173 Main St, Hackensack, NJ 07601

This commercial property, located at 171-173 Main St in Hackensack, NJ 07601, presents a strategic investment opportunity within a prime location. Situated in a rapidly developing area, the property benefits from strong market demand for both residential and commercial spaces. The versatile zoning, B-2 (also within the Opportunity Zone), allows for multiple uses, catering to a wide range of business needs and development aspirations. This location offers accessibility to essential amenities, enhancing its appeal for future occupants and investors.

The building, constructed in 1850 with a significant renovation in 1986, stands at three stories with a building class of C. It encompasses an area of 16,884 square feet. The property features multiple tenancies, indicating existing income potential or flexibility for an owner-user. The building's structure and the surrounding area's growth suggest a property poised for significant value appreciation.

A notable feature of this offering is the parking availability. The property includes 13 dedicated parking spaces, equating to approximately 0.7 spaces per 1,000 square feet leased. Additionally, there is access to an additional town parking garage with 8 spots available for a monthly fee of $150, providing ample parking solutions for employees and customers alike. This is a critical advantage in a high-demand commercial district.

The property's potential extends to multi-family development, a significant factor given the high demand for residential units in the Hackensack market. The flexible zoning further supports this potential, allowing for creative development strategies. This combination of location, zoning flexibility, and development potential makes 171-173 Main St a compelling prospect for investors seeking to capitalize on the area's economic growth and evolving landscape.