147 Chestnut St - Storefront Retail/Residential FOR SALE


Roselle Park, NJ 07204
$1,499,999 USD
732-266-6677
147 Chestnut St, Roselle Park, NJ for Sale
$1,499,999 USD
Storefront Retail/Residential - FOR SALE
1/67
null | 6.42% Cap Rate

147 Chestnut St
Roselle Park, NJ 07204


HIGHLIGHTS

  • Proforma Cap Rate based on previous commercial tenant

OVERVIEW

Welcome to 147 Chestnut St, a prime mixed-use corner lot property situated in the vibrant heart of Roselle Park, NJ. This property offers a unique opportunity for a retail owner-occupant looking for a prime business location. The ground floor storefront, currently vacant, is a standout feature with high visibility and foot traffic—ideal for a business owner or operator looking to occupy the space immediately. This vacant commercial space presents a perfect opportunity for an owner-occupant to establish or expand their business while benefiting from the steady rental income from the 2 residential units above that pay their utilities. The upper level features two fully leased residential apartments: a spacious 2-bedroom/1-bath and a cozy 1-bedroom/1-bath, both boasting bright, airy interiors with hardwood floors and updated kitchens and baths. Tenants pay for all utilities and ample natural light creates an inviting atmosphere for daily living. In addition to its current layout, the property offers potential for further development, including the option to add another floor with more apartments or businesses above, or create a second floor for your current business, enhancing its value and versatility. A vacant separately zoned lot behind the building is an additional value-add. Owners can use it for parking, to extend the building, or build another commercial (or residential structure if town permits). Zoning information is attached but buyers should do their own due diligence. Located in a bustling area with close proximity to shops, restaurants, parks, schools, new apartment complexes, and public transportation, this property provides excellent accessibility and convenience for both residents and businesses. Residents and businesses alike benefit from easy access to major highways and commuter routes, enhancing the property's desirability. Don’t miss out on this exceptional opportunity to own a versatile property in Roselle Park. Whether it’s another Deli, Restaurant, Cafe, Financial Institution, Tanning Salon, Hair Salon, Spa or a Theater or Fitness and Recreation Center among other possible uses - 147 Chestnut St is the perfect canvas for your successful business location! Schedule a showing today to explore the potential of this outstanding mixed-use property! For more information, please contact Julia at 732-266-6677 or Claudia at 201-803-1778.

FOR SALE DETAILS

PRICE

$1,499,999 USD

PRICE/SF

$286 USD /SF

CAP RATE

6.42%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,051 SF

ZONING

B-2

APN/PARCEL ID

15-00909-0000-00006

ASK ABOUT THIS PROPERTY

Julia RomanSignature Realty NJ LLCMore Info
732-266-6677

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Julia RomanSignature Realty NJ LLCMore Info
732-266-6677

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