Mixed-Use Buildings in Garfield, NJ
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Mixed-Use Buildings in Garfield, NJ
2 Retail Properties Offered at £6,672,423 in Garfield, NJ
Investment Highlights
- 1.69-acre lot and versatile commercial zoning provide opportunities for further development or redevelopment.
- Garfield is experiencing steady growth in both commercial and residential sectors due to its proximity to New York City.
- C-2 Commercial Zoning allows for various commercial uses, including retail stores, restaurants, medical offices, and professional services.
- Accessible transportation options, including NJ Transit’s train and bus services.
Executive Summary
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.
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.
Property Facts
| Price | £6,672,423 | Status | Active |
| Price / SF | £188.84 / SF | Number of Properties | 2 |
| Sale Conditions | Portfolio Sale | Individually For Sale | 0 |
| Net Initial Yield | 6.80% | Total Building Size | 35,334 SF |
| Sale Type | Investment | Total Land Area | 2.32 AC |
| Price | £6,672,423 |
| Price / SF | £188.84 / SF |
| Sale Conditions | Portfolio Sale |
| Net Initial Yield | 6.80% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 35,334 SF |
| Total Land Area | 2.32 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 517-519 River Dr, Garfield, NJ 07026 | Retail | 28,000 SF | 2007 | - |
| 501 River Dr, Garfield, NJ 07026 | Retail | 7,334 SF | 2002 | - |
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Mixed-Use Buildings in Garfield, NJ
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