Mixed-Use Building in Prime
For Sale
$3,499,000
1 Columbia, Palisades Park, NJ 07650
Six-unit building with retail and residential spaces, high visibility.
Property SizeContact for details
Days on Market464
Property Features for 1 Columbia
General Information
Standard status
Active
Taxes and HOA fees
Annual Taxes
$31,802
Listing Agency:
GOOD NEIGHBOR REALTY LLC
Listed By:
JUSTIN KANG
Source:
Corcoran
Added: Jun 5, 2025
Changed: Mar 16
Last Checked: Sep 10 at 7:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of GOOD NEIGHBOR REALTY LLC
Investment Insights
Based on property information with market context.
This is a six-unit mixed-use building featuring three retail spaces and three residential units. It is situated in a highly visible location at the corner of Broad Avenue and the Route 46 ramp (Columbia Ave). The property includes an attached parking lot with 12 parking spaces. The building is well-maintained and in good condition. Gas and electric meters are separate and updated. A New York City bus stop is located directly outside the building. The current net income exceeds $180,000 per year, with potential for increased income based on current market rent rates.
Key Highlights
- AAA+ location on the corner of Broad Avenue and Route 46 ramp (Columbia Ave)
- High yearly net income (over $180,000/year) with potential for increased income based on market rent rates
- 6 Units: 3 retail and 3 residential
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,830
Businesses Nearby
Explore this area
Business Placement
Demographics for 07650, NJ
20,292
Population
7,612
Households
2.7
Avg Household Size
40
Median Age
54%
College-Educated
90%
High-School Grad
1.2 sq mi
ZIP Area
16,910
Density / Sq Mi
$101,295
Median Household Income
$50,817
Median Earnings
$1,976
Median Rent
$704,400
Median Home Value
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Market
Vacancy Rate% for Multifamily in Northeast region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Six-unit building with retail and residential spaces, high visibility.
Where is this mixed-use property located?
The property is located at 1 Columbia Palisades Park, NJ.
What is the asking price?
The asking price for this property is $3,499,000.
What are key features of this property?
This property features: AAA+ location on the corner of Broad Avenue and Route 46 ramp (Columbia Ave); High yearly net income (over $180,000/year) with potential for increased income based on market rent rates; 6 Units: 3 retail and 3 residential
