Mixed-Use Buildings in Garfield, NJ Retail FOR SALE


Garfield, NJ
$8,500,000 USD
862-348-2385
, Garfield, NJ for Sale
$8,500,000 USD
Retail - FOR SALE
1/30
null | 6.8% Cap Rate

Mixed-Use Buildings in Garfield, NJ
Garfield, NJ


HIGHLIGHTS

  • 1.69-acre lot and versatile commercial zoning provide opportunities for further development or redevelopment.
  • C-2 Commercial Zoning allows for various commercial uses, including retail stores, restaurants, medical offices, and professional services.
  • Garfield is experiencing steady growth in both commercial and residential sectors due to its proximity to New York City.
  • Accessible transportation options, including NJ Transit’s train and bus services.

OVERVIEW

Investment Opportunity: Mixed-Use Buildings in Garfield, NJ This offering includes two adjacent mixed-use buildings in the bustling commercial corridor of Garfield, NJ. The properties, consisting of 14 units, cater to a variety of tenants such as retail businesses, medical professionals, and specialty services. Key Features: Total Units: 14 Building Size: 501 River Dr: 8,839 sq. ft. gross leasable area 517-519 River Dr: 23,791 sq. ft. gross leasable area across three stories Lot Size: 1.69 acres (combined) Year Built: Renovated or built around 2007 Current Use: Mixed-use retail and professional spaces Tenant Lineup: Biendronka Supermarket: A staple in the local community Indoor Sports Facility: Features a soccer training field and a party room, driving consistent foot traffic Other Tenants: Sports bar, spa, and medical professional offices, offering a balanced mix of retail and service tenants with stable rental income. Area Overview: Garfield, NJ Location: Situated in Bergen County with access to Route 46, Route 80, and the Garden State Parkway, just 12 miles from Midtown Manhattan Population: Approximately 32,000 residents Investment Summary: These properties present an attractive investment opportunity with a strong tenant mix, robust NOI, and a prime location in a thriving Bergen County community. With easy access to major highways and proximity to New York City, the location is well-positioned for continued commercial success.

ASK ABOUT THIS PROPERTY

Michelle HanSothebysMore Info
862-348-2385

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Michelle HanSothebysMore Info
862-348-2385

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