21 S Summit St, Tenafly, NJ 07670

This modern commercial building, constructed in 2021, is situated in the vibrant downtown area of Tenafly, New Jersey. The property offers a compelling turnkey investment opportunity, benefiting from its prime location within walking distance of essential amenities including schools, shopping centers, public transportation, coffee shops, and restaurants. The building comprises three distinct levels, each with its own independent HVAC system and metered utilities, ensuring efficient operation and management.

The ground floor features a versatile retail space with significant street frontage and a fully finished basement, offering various zoning possibilities for diverse business ventures. This level is complemented by six dedicated parking spots on the property, providing convenient access for customers and employees. The strategic placement and adaptable nature of the retail space present a significant advantage for potential commercial tenants.

The first floor of the building is dedicated to two luxurious duplex apartments, each spanning two stories and offering a spacious 3-bedroom layout. These residences are designed with modern living in mind, featuring 2.5 bathrooms per unit. The lower level of each apartment includes a full kitchen with a central island, a living room, a dining room, and a convenient powder room. This thoughtful arrangement facilitates comfortable daily living and entertaining.

Ascending to the second level of each duplex apartment reveals the private quarters. This floor hosts three bedrooms, including a master suite with an additional private full bathroom, offering a secluded retreat. Additionally, there are two children's bedrooms and a shared full bathroom, catering to family needs. Each apartment is equipped with two zones of forced-air heating and air conditioning, ensuring personalized climate control throughout the living spaces.

With a total area of 4,500 square feet and a B1 zoning classification, this property represents a substantial investment. The building's recent construction, multiple tenancies, and prime downtown Tenafly location contribute to its appeal as a sound commercial real estate asset. The property's design and amenities are geared towards maximizing rental income and minimizing operational complexities for the owner.