1095 Palisade Ave, Fort Lee, NJ 07024

This exceptional mixed-use property, located at 1095 Palisade Ave in Fort Lee, NJ, presents a prime investment opportunity. The four-story building, meticulously renovated and expanded in 2015 and 2021, offers 5,070 square feet of versatile space on a substantial 9,527 square foot lot. Built in 1954, this property has been updated to accommodate a variety of professional and residential needs, making it a turnkey solution for discerning buyers.

The first floor features a dedicated commercial space with a separate entrance, ideal for professional services such as medical offices, law firms, accounting practices, or an art school. This area includes an office space, a small kitchen, a large workshop with high ceilings, and a powder room, providing a functional and adaptable environment for business operations. The layout is designed for high-traffic visibility and professional appeal.

The upper levels are configured for residential living, offering an open-concept living and dining area. A gourmet kitchen is situated on these levels, providing direct access to the backyard. The residential portion includes three full bathrooms and can accommodate up to three bedrooms, including a master suite complete with a walk-in closet and a private office space. This thoughtful design maximizes comfort and utility for residents.

Further enhancing the property's appeal are its extensive storage and parking capabilities. The building includes a massive basement, offering significant space for storage needs. A rare amenity in this location, the property boasts an on-site private parking lot with capacity for 10 vehicles. The property is equipped with both heating and cooling systems, with heating options including baseboard, natural gas, forced air, and hot water, and cooling provided by an attic fan. The presence of a garage further adds to the convenience.

This property is situated in a high-traffic area, underscoring its significant investment potential and the likelihood of a high rental yield, especially with minor professional updates. The building comprises 12 rooms in total, with 3.5 bathrooms (3 full, 1 half) and 3 bedrooms. The finished square footage totals 3,644 square feet, with a lot size of 9,527 square feet. Annual property taxes are approximately $19,353. This offering represents a unique chance to acquire a substantial and adaptable property in a strategic Fort Lee location.