110 Broad Ave #10 & 12, Palisades Park, NJ 07650

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Property Details

Price
$ 1,470,000
Type:
Commercial Sale
Status:
Active
Type :
Retail
Status :
Active
Use :
Retail
SF for Sale :
1,900 SF
Lot Size :
-
Lease Type :
-
Tax :
$17,400
# of Floor(s) :
1 Floor(s)
# of Total Parking :
25
# of Tenants (Residential) :
-
# of Tenants (Commercial) :
-

Property Description

NJ MLS#: 1845581

Rare opportunity to own 1,900 prime retail space/commercial condominium in 110 Broad Ave Palisades Park. Currently occupied as a well-established, thriving, and successful Korean/Chinese restaurant. Private parking for the building is provided as well as ample street parking nearby. Current taxes are $17,000. $10,800/month with tax included is the current gross rental income. Tenant pays for maintenance as well which is $1000/month. Cap rate of 7%. Spectacular chance at a lucrative investment.

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