63 Harrison Ave, Garfield, NJ 07026

Discover a rare mixed-use investment opportunity at 63 Harrison Ave in Garfield, NJ. This versatile property uniquely combines three residential apartments with two dedicated commercial kitchen spaces, presenting a distinctive dual-use potential under a single roof. The well-maintained brick building is designed to accommodate both living quarters and specialized culinary operations, offering a comprehensive solution for investors or owner-users seeking diverse income streams and functional commercial facilities.

The residential component includes three spacious apartments, providing comfortable living arrangements. Complementing the residential units are two extensive commercial kitchen and food-preparation areas, equipped to support various culinary ventures. The property also features ample storage solutions and a basement for additional utility. This configuration is ideal for those looking to leverage both residential rental income and commercial enterprise within the same location, maximizing the property's economic potential.

Further enhancing the property's utility are practical amenities such as a one-car garage and on-site parking, accommodating multiple vehicles. The building, constructed in 1950, stands two stories tall and offers a total area of 6,507 square feet. Its tenancy is currently structured as multiple, suggesting established rental agreements or operational units that contribute to its income-producing capacity. The property's capitalization rate is noted at 6.20%, indicating its investment performance.

Situated in a convenient Bergen County location, 63 Harrison Ave provides excellent accessibility to major highways, public transportation networks, and surrounding business districts. This strategic positioning is advantageous for both residents and commercial tenants, facilitating ease of commute and access to amenities. The property's zoning is listed as N/A in Garfield, and it offers 7 parking spaces, equating to 0.88 spaces per 1,000 square feet of leased area, a notable feature for commercial operations.

This property represents a significant opportunity for those seeking a distinctive asset with considerable versatility and income-generating capabilities. The combination of residential apartments and specialized commercial kitchen spaces, coupled with its prime location and practical amenities, makes 63 Harrison Ave a noteworthy prospect that warrants closer examination to fully appreciate its multifaceted appeal and potential.