21-25 Grove Ave - Storefront Retail/Office FOR SALE


Verona, NJ 07044
$1,750,000 USD
201-917-5884
21-25 Grove Ave, Verona, NJ for Sale
$1,750,000 USD
Storefront Retail/Office - FOR SALE
1/48
null | 8.57% Cap Rate

21-25 Grove Ave
Verona, NJ 07044


HIGHLIGHTS

  • Two Free Standing Retail / Office Buildings
  • Top Notch Suburban Location Great for Local Owner-users to Invest
  • 10-12 Townhouse Development Opportunity
  • 40+ Car Surface Grade Parking in Rear
  • Walking Distance to Downtown Verona

OVERVIEW

Introducing a prime investment or owner-user equity building opportunity in the heart of Verona, NJ. This two building 8,745 SF of space, featuring 2-4 retail or office suite units, presents a compelling proposition for retail and street retail investors. Built in 1906, the property exudes character and charm while offering the advantages of modern zoning, classified under C-2. Situated in the vibrant Northern NJ area, this versatile space is poised for a range of retail endeavors, from boutique storefronts to flagship retail establishments. With its rich history and strategic location, this property is an exceptional prospect for forward-thinking investors seeking a foothold in a dynamic market.

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

8.57%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

8,745 SF Gross Leasable | 29,808 SF Lot Size

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Day Care Center, Freestanding, Loft/Creative Space

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1906

SPRINKLERS

-

PARKING SPACES

36

LAND DETAILS

LAND ACRES

0.68 AC

LAND SF

29,621 SF

ZONING

C-2

APN/PARCEL ID

20-01702-0000-00022

ASK ABOUT THIS PROPERTY

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201-917-5884

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