1 W Columbia Ave - Medical FOR SALE


Palisades Park, NJ 07650
$3,390,000 USD
201-491-8191
1 W Columbia Ave, Palisades Park, NJ for Sale
$3,390,000 USD
Medical - FOR SALE
1/25
null | 5.3% Cap Rate

1 W Columbia Ave
Palisades Park, NJ 07650


HIGHLIGHTS

  • Highly Visiable/Heavy Traffic
  • Very Well Maintenied/Great Condition
  • Great Cap Ratio

OVERVIEW

LOCATION! LOCATION! LOCATION! This is a highly visible 6 UNIT (3 retails & 3 residentials) building in a TRIPLE A+ location on the BUSIEST corner of Broad Avenue and Route 46 ramp (Columbia Ave). Very well mainteined and great condition building with an attached parking lot with 12 parking spaces. Gas meters and electric meters are all separate and updated. Great shops, restaurants and NYC/NJ bus stop are within short walking distance. Yearly NET income is already great with current modest rent rates, BUT potential for MUCH MORE with current market rent rates. This building is priced extremely well. Come & see!!

FOR SALE DETAILS

PRICE

$3,390,000 USD

PRICE/SF

$460 USD /SF

CAP RATE

5.3%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Broad Avenue Building

PROPERTY TYPE

Office

PROPERTY SUBTYPE

Medical

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

B-2

APN/PARCEL ID

45-00617-0000-00019

ASK ABOUT THIS PROPERTY

Justin KangGood Neighbor RealtyMore Info
201-491-8191

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Justin KangGood Neighbor RealtyMore Info
201-491-8191

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.