325 Broad Ave, Palisades Park, NJ 07650
325 Broad Ave, Palisades Park, NJ 07650Basic Details
- Date added: Added 14 hours ago
- Type: Commercial
- Category: For Sale
- Status: Open
Description
-
Description:
5,791 SF 100% Leased 4-Star Retail Building Palisades Park, NJ 07650 $3,300,000 ($569.85/SF)
This freestanding mixed-use property, located at 325 Broad Ave in Palisades Park, NJ, presents a significant investment opportunity. Situated on a prominent commercial corridor, the asset benefits from substantial visibility and consistent pedestrian traffic. The building is constructed with a building class of B and stands two stories tall, with a total area of 5,791 square feet. Its zoning designation is Commercial, suitable for retail and restaurant operations, and it features 128 feet of frontage on Bellview Place.
The ground-floor retail space is currently occupied by a well-established bakery/café, providing immediate and stable cash flow. This tenancy contributes to the property's income-generating capabilities within a dynamic business district. The integration of a retail component on the primary level is a key feature for businesses seeking high exposure and accessibility.
The second level of the building comprises three meticulously maintained residential units. These units contribute consistent supplementary income, diversifying the property's revenue stream. The combination of commercial and residential spaces creates a balanced asset with potential for long-term upside, appealing to investors or owner-operators looking for a multi-faceted income source.
Built in 1996, this property is categorized as an Investment or Owner User property. The multiple tenancy structure enhances its appeal as a diversified income-producing building. This offering represents a rare chance to acquire a high-exposure, income-generating asset in a sought-after and evolving submarket within Bergen County.
Property Details
- Frontage: 128’ on Bellview Place
- Area: 5,791 sq ft
- Year built: 1996
- Sale Type: Investment or Owner User
- Building Size: 5,791 SF
- Building Class: B
- Tenancy: Multiple
- Percent Leased: 100%
- Building Height: 2 Stories
- Building Far: 0.33
- Zoning: Commercial - retail/restaurant
Property Taxes
- Parcel Number: 45-00217-0000-00020
- Land Assessment: $383,200
- Improvements Assessment: $1,174,800
- Total Assessment: $1,558,000
Agent
Ray Park
RE/MAX NOW - Palisades Park
Location
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