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.