545 Mola Blvd, Elmwood Park, NJ 07407
545 Mola Blvd, Elmwood Park, NJ 07407Basic Details
- Date added: Added 1 month ago
- Type: Commercial
- Category: For Sale
- Status: Open
Description
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Description:
6,344 SF 100% Leased Retail Building Elmwood Park, NJ 07407 $1,800,000 ($283.73/SF) 2.85% Cap Rate
Prime Location to all major highways! Commercial/Mixed Use building with great parking!!! New Roof, New Retaining wall, Updated Kitchen & Baths on 2nd floor. Basement storage used by Liquor store. Central Air 1st floor, window air condition units on 2nd floor. 1st Floor currently rented for 10 years as a Liquor Store Rental: $6,250/M-M Total $75,000 Annually Residential 3/3 Rental 2nd floor Unit: $3,000 M-M Total $36,000 Annually. Separate entrance. 2 Furnaces, 2 Water Heaters, upgraded electrical panels Separate Utilities Current Insurance: $6,600/year 2024 Taxes $17,671 Aluminum Siding, Block Masonry building. Flat, Asphalt Newer Roof. Major Highways are close by Rt's 80, 46, 4 and Garden State Parkway!
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Property Details
- Parking: 5 Spaces (0.79 Spaces per 1,000 SF Leased)
- Area: 6,344 sq ft
- Year built: 1940/2024
- Sale Type: Investment or Owner User
- Cap Rate: 2.85%
- Building Size: 6,344 SF
- Building Class: C
- Tenancy: Multiple
- Percent Leased: 100%
- Building Height: 2 Stories
- Building Far: 1.46
- Zoning: Commercial/Mixed Use - Mixed use-Liquor Store/Package Goods, 2nd floor 3 bedroom/2 Bath rental Both Non owner
Highlights
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- Heavy Foot Traffic from 7am to 7pm, Month to Month Lease
- 11 Car Parking, 6 car parking for rental apartment , Close to major highways Rt 46,4,80 & Garden State Parkway
- 2nd Floor 3 bedroom/3 bathroom rental, private parking Month to Month Lease
Property Taxes
- Parcel Number: 11-01408-0000-00003
- Land Assessment: $501,700
- Improvements Assessment: $74,100
- Total Assessment: $575,800
Agent
Barbara Roe-Palko
Aldos Realty
Location
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