55-63 W Allendale Ave, Allendale, NJ 07401

This commercial property, located at 55-63 W Allendale Ave in Allendale, NJ 07401, presents a significant opportunity within a convenient, downtown setting. The property comprises a one-story shopping center with 20 distinct tenant spaces. These spaces vary in size, with individual units ranging from approximately 1,000 square feet up to a substantial 38,000 square feet, offering flexibility for a diverse range of businesses. The total land area for this development spans 5.00 acres, providing ample space for operations and customer access.

A notable feature of this property is the freestanding TD Bank building, which is approximately 11,290 square feet and includes the convenience of a drive-thru. The presence of numerous national and franchise stores within the shopping center indicates a well-established commercial hub. The shopping center itself has undergone a recent renovation, enhancing its appeal and functionality for both tenants and visitors. This development was originally constructed in 1967, and its recent updates ensure it meets contemporary commercial standards.

The property benefits from a strategic location that caters to affluent demographics, a factor supported by historically low tenant turnover. This suggests a stable and desirable market for businesses operating at this address. The accessibility of the location is further enhanced by the provision of ample parking, with a total of 359 spaces available for customers and employees. This substantial parking capacity is a key asset for a retail and commercial environment.

The overall structure of the property is designed for efficient commercial use, with a focus on providing a robust platform for various retail and service-oriented businesses. The combination of diverse tenant space sizes, a prominent anchor tenant like TD Bank, and significant on-site parking creates a comprehensive commercial offering. The recent renovations underscore a commitment to maintaining and improving the property's value and utility, making it an attractive prospect for potential investors and business owners seeking a prime location.