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 in a prime location within a rapidly developing area. The property offers versatile use options, catering to both investment or owner-user scenarios. Its zoning, B-2 (also within the Opportunity Zone), allows for flexible applications, supporting the high demand for both residential and commercial spaces in the vicinity. The building, constructed in 1850 and renovated in 1986, stands at three stories with a building class of C, encompassing an area of 16,884 square feet.

The property benefits from a significant parking provision, featuring 13 spaces, which translates to 0.7 spaces per 1,000 square feet leased. An additional town parking garage is available nearby for $150 per month, offering 8 spots, further enhancing accessibility. The tenancy is currently multiple, indicating existing income streams or the potential for diverse leasing arrangements. This location is characterized by its accessibility to amenities and its position in a market experiencing strong demand for both residential and commercial ventures.

The multi-family development potential is a notable aspect of this offering, suggesting opportunities for expansion or redevelopment to meet the growing needs of the community. The flexible zoning further supports various development strategies, making it an attractive prospect for those looking to capitalize on the area's growth trajectory. The property's positioning in a rapidly developing area underscores its potential for future appreciation and sustained market interest.

With its prime location and flexible zoning, 171-173 Main St is well-suited for a range of commercial endeavors. The property's characteristics, including its size and parking availability, are designed to accommodate various business needs. The surrounding area's strong market demand for both residential and commercial spaces creates a favorable environment for this property's continued success and potential for growth.