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8,745 SF Gross Leasable | 29,808 SF Lot Size 21-25 Grove Ave
8,745 SF 100% Leased Retail Building Verona, NJ 07044 £1,369,288 (£157/SF) 8.57% Net Initial Yield
Investment Highlights
- Two Free Standing Retail / Office Buildings
- 10-12 Townhouse Development Opportunity
- Walking Distance to Downtown Verona
- Top Notch Suburban Location Great for Local Owner-users to Invest
- 40+ Car Surface Grade Parking in Rear
Executive Summary
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Amenities
- 24 Hour Access
- Bus Route
- Signage
- Accent Lighting
- Storage Space
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Introducing a prime investment opportunity in the heart of Verona, NJ. This two building 8,745 SF of space, featuring 2 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.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,000-8,745 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 1,000-8,745 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size | 1,000-8,745 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Introducing a prime investment opportunity in the heart of Verona, NJ. This two building 8,745 SF of space, featuring 2 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.
PROPERTY TAXES
| Parcel Number | 20-01702-0000-00022 | Total Assessment | £628,699 (2024) |
| Land Assessment | £403,196 (2024) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £225,502 (2024) | Tax Year | 2023 |
PROPERTY TAXES
-
Bruce Elia -
Nadine Khalil -
KW Commercial Fort Lee
Presented by
8,745 SF Gross Leasable | 29,808 SF Lot Size | 21-25 Grove Ave
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