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    256 Broad Ave Palisades Park, NJ 07650

    For Sale
    $3,000,000

    Two-story commercial building in central business district, 100% occupied.

    Property Features for 256 Broad Ave

    General Information

    Standard status
    Active

    Source: COSMO REALTY, INC. Agent HANNAH MCLAUGHLIN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Palisades Park Commercial Building

    Located in the central business district of Palisades Park, this two-story commercial building features three units. There are two street-level retail units and one large office unit on the second floor. The property benefits from heavy traffic and exposure, making it a potentially attractive investment. The building is currently 100% occupied, with potential for buyer occupancy. Parking is available via street parking, with a public parking lot located less than a block away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pilgrim Mission Center Mission Neighbor Plus Foundation Foundation Pilgrim House Non-Profit Organization Gong Cha Bubble Tea Store Alexandra's Boutique Boutique

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Palisades Park
    County
    Bergen
    State
    New Jersey
    Longitude
    -73.9980459
    Latitude
    40.8473932

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    FAQs

    What type of property is this?
    Investment property - Two-story commercial building in central business district, 100% occupied.
    Where is this investment property located?
    The property is located at 256 Broad Ave Palisades Park, NJ.
    What is the asking price?
    The asking price for this property is $3,000,000.
    What are key features of this property?
    This property features: - Prime location in Palisades Park central business district with heavy traffic and exposure.; - Three units: two street-level retail units and one large office unit.; - Currently 100% occupied, providing immediate income.
    Request Owner's contact information
    256 Broad Ave Palisades Park, NJ 07650
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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
    256 Broad Ave Palisades Park, NJ 07650
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