316 Palisade Ave 1,672 SF Retail Building Bogota, NJ 07603 £607,191 (£363.15/SF)
INVESTMENT HIGHLIGHTS
- Rare opportunity to acquire a mixed-use property commercial retail and residential on Palisades Ave in Bogota, NJ
- The ground floor features a fully renovated retail space with a modern kitchen, plus a 1,300 sq ft garage/warehouse/storage area perfect for commercia
- This corner property offers prime visibility, located across from Leonia Overpeck Park and near express bus service to New York
EXECUTIVE SUMMARY
Rare opportunity to acquire a mixed-use property on Palisades Ave in Bogota, NJ! This corner property offers prime visibility, located across from Leonia Overpeck Park and near express bus service to New York. The ground floor features a fully renovated retail space with a modern kitchen, plus a 1,300 sq ft garage/warehouse/storage area perfect for commercial use or additional business space. Upstairs, a spacious 3-bedroom apartment provides an ideal live-work setup. The entire property has been newly updated with a modern exterior and completely renovated interior. Zoning allows for commercial vehicle parking in the driveway, adding convenience for business operations. With a major bank across the street and high traffic from schools and park visitors, this property is an exceptional investment opportunity that blends residential and commercial potential in one prime location.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
PROPERTY FACTS
Sale Type
Owner User
Property Type
Retail
Property Subtype
Building Size
1,672 SF
Year Built/Renovated
1925/2022
Price
£607,191
Price Per SF
£363.15
Tenancy
Multiple
Number of Floors
2
Building FAR
0.42
Lot Size
0.09 AC
Zoning
B1
Parking
4 Spaces (2.39 Spaces per 1,000 SF Leased)
Walk Score®
Very Walkable (85)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 04-00040-0000-00014 | Total Assessment | £437,270 |
| Land Assessment | £107,740 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £329,530 | Tax Year | 2024 |
