321 Broadway, Hillsdale, NJ 07642

This commercial property at 321 Broadway in Hillsdale, NJ, presents a prime investment opportunity within an affluent Bergen County market. Situated on an expansive approximately 35,000 square foot lot, the property features a substantial ±13,000 square foot multi-tenant retail building. The building, constructed in 1980, is a single-story structure with a C building class and offers 281 feet of frontage on Broadway. Its location is characterized by high visibility and strong daily traffic counts, contributing to its appeal as a retail corridor.

The multi-tenant building comprises 9 total units and is currently operating at approximately 90% occupancy, indicating stable tenancy and a strong in-place income stream. The existing tenants represent a diverse range of successful businesses, including a nail salon, Japanese restaurant, bagel shop, deli, Chinese restaurant, halal restaurant, and Mediterranean restaurant. These establishments cater to the surrounding upper-middle-income residential community, benefiting from the area's consistent foot traffic and repeat clientele. The property's zoning is C - Commercial.

Hillsdale is recognized for its robust demographics, quality school system, and a steady consumer base, making this a highly attractive location for commercial ventures. The property's design offers flexible layout options, potentially accommodating a variety of commercial tenant needs. The generous lot size not only supports the existing improvements but also presents potential for future upside, subject to municipal approvals. The property is classified as an Investment NNN category.

Ample on-site parking is a significant advantage, with 45 car parking spaces available, equating to approximately 10 spaces per 1,000 SF leased. This parking capacity enhances convenience for both tenants and their customers. The property's excellent visibility and convenient access to major roadways further bolster its long-term value and investment potential. This offering represents a rare opportunity to acquire a high-occupancy retail asset in a sought-after commercial market within Bergen County.