323 Semel Ave, Garfield, NJ 07026

An exceptional mixed-use property is available at 323 Semel Ave in Garfield, New Jersey. This offering presents a unique opportunity to acquire a building that includes a first-floor commercial space, currently configured as a bar/restaurant, and a separate three-bedroom residential apartment on the second floor. The commercial component is suitable for an owner-user or a new business operator, while the residential unit offers the potential for additional rental income. This versatile property is situated in an established Bergen County market, providing convenient access to local businesses, residential areas, public transportation networks, and major North Jersey roadways.

The building, constructed in 1918 with a subsequent addition in 1930, spans approximately 5,000 square feet across two stories. The commercial space is designed to accommodate various business operations, and the residential unit provides a distinct living space. The property's zoning is R2 - Residential, and it features ample parking with 11 spaces, equating to 4.93 spaces per 1,000 square feet of leased area. This substantial parking availability enhances the property's appeal for both commercial tenants and residents.

This mixed-use asset is categorized as an investment property with a building class of C. It offers multiple income streams from its distinct commercial and residential components, making it a flexible opportunity for investors, business operators, or individuals seeking a property with diverse revenue potential. The current tenancy is listed as multiple, indicating existing income generation from separate units within the building.

A notable aspect of this offering is the flexibility regarding the liquor license. The liquor license is available for separate purchase and is not included in the sale of the real estate. This arrangement allows a buyer the option to acquire the building independently and pursue a liquor license at a later time or through a separate transaction, or to acquire both. The property's location in Garfield, NJ, positions it within a dynamic commercial and residential environment, presenting potential value-add opportunities through strategic improvements, repositioning, or leasing strategies.