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    2 Morrell Pl Garfield, NJ 07026

    Pending
    For Sale
    $850,000

    Commercial - Garfield City, NJ

    Property size:
    4,500 SF
    Lot size:
    0.11 Acres
    Days on Market:
    26
    Last Refresh:
    Dec 5 at 4:06 am

    Property Features for 2 Morrell Pl

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Pending
    Zoning
    commercial
    Rooms
    Basement
    Basement Y/N
    1
    Size
    4,500 SF
    Lot size
    0.11 Acres

    Utilities

    Heating system
    Baseboard, Forced Air, Hot Water (Heating), See Remarks (Heating)

    Building Details

    Year built
    1950
    Floors in Building
    2
    Number of units
    3
    Flooring type
    Laminate, Tile, Wood
    Roof type
    Composition, Shingle
    Architectural style
    Other

    SERHANT New Jersey LLC (908) 656-1650 [email protected]

    Listing agent MICHAEL N TODARO (973) 315-5959

    Listing date Nov 10, 2025

    MLS# 3981449 Listing URL

    Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with Restaurant

    This mixed-use property in Garfield City, NJ, presents a combination of residential and commercial spaces. The property includes a multi-family home featuring two residential units, along with a commercial retail space currently occupied by a restaurant and catering business. This setup provides immediate cash flow. Additional features include an attached one-car garage and a corner lot measuring 50x100. The location offers proximity to schools, shopping, and public transportation. The property is situated on a 0.11-acre lot. The building size is 4,500 square feet. The zoning is commercial. This property offers potential for increased returns through rental adjustments or future improvements.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Garfield
    County
    Bergen
    State
    New Jersey
    Longitude
    -74.10236
    Latitude
    40.875

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    FAQs

    What type of property is this?
    Mixed-use property - Multi-family home with retail space and established restaurant.
    Where is this mixed-use property located?
    The property is located at 2 Morrell Pl Garfield, NJ.
    What is the asking price?
    The asking price for this property is $850,000.
    What are key features of this property?
    This property features: - Multi-family home featuring two residential units and a commercial retail space, currently operating as a restaurant/catering business.; - Built-in cash flow from day one.; - High-demand location close to schools, shopping, and public transportation.
    (973) 315-5959
    Request Owner's contact information
    2 Morrell Pl Garfield, NJ 07026
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2 Morrell Pl Garfield, NJ 07026
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