516 Anderson Ave, Cliffside Park, NJ 07010

This prime mixed-use property is situated in the heart of the downtown business district in Cliffside Park, New Jersey. The offering includes a recently renovated, well-established restaurant space of approximately 2,500 square feet. This commercial area features a high-ceiling basement, providing ample storage and a full walk-out access point. The property benefits from a new roof, replaced just two years ago, ensuring structural integrity and reduced immediate maintenance concerns.

Above the commercial space, a residential unit offers comfortable living quarters. This apartment includes two spacious bedrooms and a separate den, providing flexible living arrangements. The living area is generously sized and features hardwood flooring throughout, enhancing the aesthetic appeal and durability of the space. Each unit within the property is separately metered, allowing for individual utility management and billing, which can contribute to operational efficiency.

Additional income and expense information is available upon request, offering potential investors a comprehensive view of the property's financial performance. This property presents a compelling opportunity for those looking to expand an existing portfolio, complete a 1031 exchange, or acquire a stable asset as a seasoned owner or institution. The combination of cash flow and stability is a key attribute for this investment.

The location of 516 Anderson Ave provides excellent accessibility. Situated near River Road in Edgewater, it offers convenient access to major transportation routes including the PATH, the George Washington Bridge (GWB), and NJ Transit services. This strategic positioning helps maintain stable occupancy rates and tenant satisfaction. The property is located in a high-traffic, high-visibility area, making it an ideal location for both investors and business owners seeking a prominent presence.

This property represents a strong investment opportunity due to its robust income potential, minimal reported expenses, and its prime downtown location. It is suitable as a primary investment or as an owner-user opportunity. The combination of these factors makes this a notable opportunity that should not be missed by discerning investors or business owners.