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Listed by Vincent Lee Realty 7, LLC
$ 1,080,000
Est. payment | /mo
$ 1,080,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25021731
Style Retail
Property Sub-Type Retail
Property Description
Prime Downtown Mixed-Use Investment Opportunity Located in the heart of the downtown business district, this two-level mixed-use building offers an unbeatable opportunity for the savvy investor. 1st Floor: Restaurant space approx. 1,650 sq. ft. 2nd Floor: 2-bedroom apartment approx. 1,100 sq. ft. with a private rear deck Gross Annual Income: $87,000 ($5,500 + $1,750/month) Operating Expenses: $13,263 Cap Rate: 6.8% Tenants pay all utilities including heating, gas, electric, and water. New roof replaced 3 years ago. Restaurant space can be delivered vacant upon closing. Strong income, minimal expenses, and a prime downtown location make this a perfect investment or owner-user opportunity.
Location
State NJ
County Bergen
Interior
Heating Central Air, Electric, Oil
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