63 Harrison Ave, Garfield, NJ 07026

This rare mixed-use property located at 63 Harrison Ave in Garfield, NJ 07026 presents a unique investment opportunity. The brick building, constructed in 1950, spans two stories and encompasses 6,507 square feet of versatile space. It is designed to accommodate both residential and commercial needs, offering a distinctive combination of uses under a single roof. The property is zoned for mixed-use, providing flexibility for various business models and income generation strategies.

The residential component of this property includes three spacious apartments, providing multiple income streams. Complementing the living spaces are two dedicated commercial kitchen areas, equipped for food preparation and culinary operations. This specialized commercial space is a significant asset for businesses in the food service industry or for an owner-user seeking integrated living and working environments. The building's tenancy is currently structured as multiple, suggesting potential for existing rental income.

Further enhancing the property's utility are ample storage areas and a basement, providing valuable space for inventory or operational needs. For vehicle accommodation and convenience, the property features a 1-car garage and an additional seven on-site parking spaces, equating to approximately 0.88 spaces per 1,000 square feet of leased area. This parking provision is beneficial for both residents and commercial patrons.

Situated in a convenient Bergen County location, 63 Harrison Ave offers easy access to major highways, public transportation routes, and surrounding business districts. This strategic positioning enhances its appeal to potential tenants and customers alike. The property's cap rate is listed at 6.20%, indicating its investment potential. This well-maintained building is ideal for an investor seeking multiple revenue sources or an owner-user looking for a property with specialized commercial facilities and residential units.