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Listed by Woo H. Choi Alpine MC Realty LLC
$4,790,000
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26010209
Style Retail
Property Sub-Type Retail
Property Description
Well-maintained, free-standing commercial building for sale! This is a great investment opportunity.100% leased. 6 tenants: 3 retail and restaurant. This is a fantastic investment opportunity, as the property is 100% leased with six tenants: three retail and restaurant businesses and two office spaces. A new roof was installed in 2023, and the air conditioners were replaced recently. The property generates a net operating income (NOI) of $228,154 per year, with an average annual increase of 3% to 4%. Located in the central business district, this building benefits from a prime location. At the rear of the property, there is a newly constructed municipal parking facility and park. High-rise luxury residential rental buildings, a variety of restaurants and cafes, a theater, and a large shopping mall also surround the area.
Location
State NJ
County Bergen
Interior
Heating Central Air, Gas, Hot Air
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Deb Hagemeister
Broker Associate License ID: 9133524
Broker Associate License ID: 9133524