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    509 Pompton Ave Cedar Grove, NJ 07009

    For Sale
    $1,300,000

    Retail property featuring a basement and parking spaces.

    Lot size:
    0.16 Acres

    Property Features for 509 Pompton Ave

    General Information

    Lot size
    0.16 Acres

    Building Details

    Year built
    1947

    Source: RE/MAX TRUST PROPERTIES Agent SALIH OKDEMIR

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

    Overview

    Retail Property With Basement and Parking

    This retail property offers approximately 3058 square feet of space, complemented by a 2100 square foot basement. The building is equipped with two AC units and two bathrooms. It also includes six parking spaces located behind the building. This property is positioned as a prime location investment opportunity.
    Insight Report Location Intelligence

    Current Use by Public Records

    Storefront properties

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    CG Rain Florist

    Location Insight

    • Map
    • Local Demand
    City
    Cedar Grove
    County
    Essex
    State
    New Jersey
    Longitude
    -74.2290742
    Latitude
    40.8507262

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      Mixed-Use Commercial Property For Sale

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    FAQs

    What type of property is this?
    Storefront property - Retail property featuring a basement and parking spaces.
    Where is this storefront property located?
    The property is located at 509 Pompton Ave Cedar Grove, NJ.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: - Prime location investment property; - Approximately 3058 sq ft plus basement of 2100 sq ft; - Benefit from 6 parking spaces behind the building
    (973) 773-4000
    Request Owner's contact information
    509 Pompton Ave Cedar Grove, NJ 07009
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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
    509 Pompton Ave Cedar Grove, NJ 07009
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