326 Broad Ave, Palisades Park, NJ 07650

This multi-family mixed-use building is located at 326 Broad Ave in Palisades Park, NJ 07650. The property comprises two commercial spaces and one studio apartment on the first floor. The second and third floors each contain two identical two-bedroom, one-bathroom residential units, totaling four such apartments across these levels. The building offers a total of 5,544 square feet of space and was constructed in 1939.

Significant updates have been made to the property, with the residential units on the second and third floors undergoing a complete top-to-bottom renovation in 2026. The building also benefits from a newly upgraded roof and rear exterior fire escape stairs, contributing to its overall condition and safety features. The first-floor commercial spaces are currently occupied by a general store and a clothing boutique, while the studio unit is situated privately at the rear of the building.

A key feature of this property is the separate utility setup for all units, facilitating straightforward management for the owner. The building is designed for low maintenance and is situated in a prime location with a high walkability score, offering convenient access to a variety of restaurants and local amenities. The zoning for this property is B-1, designated as the Retail Business District within Palisades Park.

Parking is provided with dedicated spaces conveniently located at the rear of the building. The property's frontage measures 25' on Broad Ave. This multi-unit building is presented as an investment opportunity, with a stated cap rate of 5.75%. The building stands three stories tall and is classified as a C building class.